CPP Investments and IndoSpace have taken a major step in expanding their warehousing footprint in India by jointly acquiring six fully developed logistics parks for a combined value of ₹3,000 crore (C$471 million). The buyout has been made through IndoSpace Core, the joint venture platform backed by Canada Pension Plan Investment Board (CPP Investments) and IndoSpace.

As part of the agreement, CPP Investments is contributing ₹1,400 crore (C$217 million) to fund the acquisition. The newly added assets together cover 380 acres and offer around nine million sq. ft of ready, income-generating logistics space. These parks are strategically located in Mumbai, Bengaluru, Chennai, Delhi-NCR and Pune, giving the joint venture a wider presence across India’s most important industrial corridors.

Following this deal, the IndoSpace Core portfolio is set to expand to 22 million sq. ft, strengthening its position as one of India’s largest Grade-A logistics platforms. With these six additions, the joint venture now owns 948 acres in total and serves over 120 occupiers, including major global names across e-commerce, manufacturing and third-party logistics.

Industry experts say India’s logistics and warehousing sector has been witnessing strong growth driven by rising consumption, digital retail, and organised supply chain expansion. Commenting on the development, Hari Krishna, Managing Director and Head of Real Estate India & Mumbai at CPP Investments, said the long-term partnership with IndoSpace helps the fund secure high-quality assets that can deliver stable, risk-adjusted returns. He emphasised that the sector continues to benefit from surging demand as companies expand manufacturing bases and upgrade their logistics networks.

Anshuman Singh, MD & CEO of IndoSpace, added that the transaction demonstrates how India’s warehousing sector has evolved into an institutional-grade, high-performing asset class. He noted that the newly acquired parks will allow IndoSpace to deepen its presence in key consumption-led markets and strengthen its role as a leading developer and operator in the industrial and logistics space.

With the demand for Grade-A warehousing continuing to rise, especially from e-commerce and manufacturing players, this acquisition marks one of the most significant logistics real estate deals of the year.