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Cross Border News  + Canada  + Industrial  |  December 5, 2025
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By: Monte Stewart

CPPIB, IndoSpace Acquire Six Logistics Parks in India for US$300M

The Canada Pension Plan Investment Board and IndoSpace have acquired six industrial and logistics parks in India for US$300 million, the organizations announced.

CPPIB and IndoSpace purchased the assets through their joint-venture IndoSpace Core, which acquires and develops logistics facilities across India. IndoSpace is a subsidiary of CPPIB, which owns 93% of the JV.

“The acquisition strengthens IndoSpace Core’s position as India’s largest operator of stabilized industrial and logistics real estate,” said CPPIB. Space Core’s

The six assets collectively span 380 acres and contain a leasable area of approximately nine million square feet. The properties are located in India’s key logistics markets, including industrial hubs Bengaluru, Chennai, Delhi, Mumbai, and Pune.

The deal will give IndoSpace 22 million square feet of leasable area across 948 acres.

Pictured: Arclight-owned hydroelectric facility in New England.

Photo: CNW Group, CPPIB

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Hari KrishnaCPPIB

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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