The Canadian Pension Plan Investments Board (CPP Investments) allocated $205 million as an anchor investor in IndoSpace’s new real estate fund focused on logistics across India.
The investment from the C$529 billion ($397 billion) pension system is the first close for IndoSpace Logistics Parks IV (ILP IV). The firm's fourth development vehicle is targeting a total of $600 million in equity commitments.
The allocation is CPP’s third investment with IndoSpace. The first joint venture, IndoSpace Core, was established in 2017 and now owns the largest portfolio of stabilized modern logistics assets . . .
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