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Sign in Sign up for a FREE subscriptionCPP Investments contributes to first closing of IndoSpace Logistics Parks IV
The Canada Pension Plan Investment Board (CPP Investments) has served as an anchor investor and contributed $205 million to a new real estate fund managed by IndoSpace, one of the largest investors, developers and operators of class A industrial and logistics real estate in India.
The investment marks the first close for IndoSpace Logistics Parks IV (ILP IV), the company’s fourth development vehicle, which is targeting $600 million of total equity commitments. ILP IV will focus on India’s largest logistics real estate markets: Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune.
The establishment of ILP IV follows the first three development funds, which have a combined 56 million square feet of modern logistics parks and warehouse real estate in India. ILP IV will add 25 million to 30 million additional square feet to the IndoSpace portfolio.
“CPP Investments’ commitment to ILP IV is a testament to IndoSpace’s leadership in the
