Logged-out Icon

IndoSpace gets $205 million funding from Canada’s investment firm, report says

IndoSpace gets $205 million funding from Canada’s investment firm, report says
IndoSpace is a pan-India industrial and logistics park developer.

 

IndoSpace, an Indian investor, developer, and manager of Grade A industrial and logistics real estate, has reportedly received $205 million in funding from the Canada Pension Plan Investment Board as a part of its new real estate fund.

 

According to The Economic Times, the investment from CPPIB is a part of the company’s $600 million worth of total equity commitment for its fourth development vehicle – Logistics Park IV. The investment from Canada’s venture capitalist will take its partnership with IndoSpace to over $1 billion, including previous investments.

 

CPPIB’s managing director, Head of Real Estate India Hari Krishna V noted that the firm was happy to invest in the Indian company, and believes that this investment will deliver strong risk-adjusted returns. The first joint venture between the two firms was established in 2017, and the Canadian firm has also invested in IndoSpace Logistics Parks III (ILP III).

 

According to the Indian firm’s LinkedIn profile, with over $3.2 bn in investment, IndoSpace is a pan-India industrial and logistics park developer with 46 operational and under-development parks spread over 51 million square feet. “We offer ready space and build-to-suit solutions and continuously add land parcels, providing clients with easy expansion options in prime locations that reduce total logistics costs,” its profile read.

Posts you may like

This website uses cookies to ensure you get the best experience on our website