Binder with papers
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The Canada Pension Plan Investment Board and IndoSpace say their IndoSpace Core joint venture has acquired six industrial and logistics parks in India for $471 million.

They say the six assets are located in India’s key markets, including Bengaluru, Chennai, Delhi, Mumbai and Pune.

CPP Investments will commit $217 million to fund the acquisition.

IndoSpace chief executive Anshuman Singh says the deal further reinforces the strength of the company’s partnership with CPP Investments, built on a shared belief in India’s potential as a global hub.

IndoSpace Core was established in 2017 to acquire and develop logistics facilities in India.

CPP Investments owns 93% of the joint venture.