Black Friday Sale! Save huge on InvestingProGet up to 60% off

CPPIB to invest $500 mln in JV with India's IndoSpace

Published 2017-05-15, 09:10 a/m
© Reuters.  CPPIB to invest $500 mln in JV with India's IndoSpace

May 15 (Reuters) - Canada Pension Plan Investment Board (CPPIB), the country's biggest public pension fund, said on Monday it would invest $500 million in a joint venture with Indian property developer IndoSpace.

The joint venture, IndoSpace Core, will buy and develop logistics facilities in India, the companies said. will own a significant majority stake in the joint venture, while IndoSpace Capital Asia will manage it.

The joint venture will buy 13 industrial and logistics parks located in cities, including Mumbai and Delhi, from IndoSpace development funds.

IndoSpace Core also has the option to buy additional industrial and logistics parks, currently being developed by IndoSpace funds, worth about $700 million.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.