IndoSpace Core Strengthens India Portfolio with Rs 3,000 Crore Acquisition Across Five Key Cities

IndoSpace Core, the joint venture between the Canada Pension Plan Investment Board (CPPIB) and IndoSpace, has announced a major expansion of its national portfolio with the acquisition of six industrial and logistics parks valued at Rs 3,000 crore. This strategic transaction marks one of the largest consolidation moves in India’s logistics real estate segment in recent years and further reinforces the platform’s leadership position in the country.

CPPIB, which holds a 93 percent stake in IndoSpace Core, will contribute Rs 1,400 crore towards the acquisition. The newly added portfolio spans 380 acres and offers nearly nine million square feet of leasable space. The assets are located across India’s most sought-after logistics hubs, including Chennai, Bengaluru, Delhi, Mumbai and Pune. With this acquisition, IndoSpace Core’s total operational footprint will rise to 22 million square feet across 948 acres, solidifying its status as India’s largest operator of stabilized industrial and logistics real estate.

The parks are strategically positioned to serve high-demand corridors driven by manufacturing growth, ecommerce expansion and rapid urbanization. Chennai and Bengaluru continue to emerge as southern logistics powerhouses, while Delhi, Mumbai and Pune remain crucial consumption and distribution centres. The expanded portfolio is expected to cater to sectors such as automotive, electronics, retail, FMCG and third-party logistics, which are witnessing strong warehousing demand.

This acquisition comes at a time when India’s logistics market is undergoing accelerated transformation. Improved infrastructure, government focus on manufacturing and increasing adoption of tech-enabled supply chain solutions have boosted demand for Grade A warehousing. Investors are showing heightened interest in stabilized, income-generating logistics assets, reflecting confidence in long-term sectoral growth.

IndoSpace Core’s latest expansion aligns with the broader trend of institutional capital flowing into India’s logistics real estate. With high-quality parks situated in established industrial corridors, the platform is well positioned to meet rising demand from domestic and global occupiers. The move also signals continued momentum in India’s logistics sector, which is expected to grow significantly in the coming years.