IndoSpace, CPPIB Buy Logistics Parks Worth Rs 30 Billion

01 Dec 2025 CW Team

Indian warehouse developer IndoSpace and the Canada Pension Plan Investment Board (CPPIB) have acquired six industrial and logistics parks valued at Rs 30 billion, the companies said on Tuesday. The assets were purchased through IndoSpace Core, their joint venture established in 2017 to acquire and develop logistics facilities.

CPPIB, which holds a ninety-three per cent stake in IndoSpace Core, has committed Rs 14 billion to fund the acquisition. The parks are located in key logistics hubs including Bengaluru, Chennai, Delhi, Mumbai and Pune.

Warehouse developers are experiencing a surge in demand as companies capitalise on India’s economic growth while diversifying supply chains beyond China. India’s warehousing market is projected to more than double to USD 37 billion by 2032, according to estimates from IMARC Group.

“As India cements its status as a global manufacturing hub, we are witnessing increasing demand for high-quality, compliant and sustainable infrastructure,” said Anshuman Singh, Managing Director and Chief Executive Officer of IndoSpace.

In 2023, CPPIB invested USD 205 million as part of IndoSpace’s new fund, which is targeting USD 600 million in equity commitments.

Infrastructure Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..