IndoSpace

Indian warehouse and parks developer IndoSpace on Monday said the Canada Pension Plan Investment Board (CPPIB) will invest $205 million in the company's new real estate fund

Investment will add an additional 25-30 million square feet to real estate firm's portfolio

Industrial and logistic parks developer IndoSpace on Friday announced that it will invest Rs 3,000 crore in Karnataka's warehousing and logistics space. The firm already has a strong footprint in the state with its Grade-A industrial parks operational in Bommasandra, Nelamangla I and upcoming facilities in Nelamangala II and Naraspura. IndoSpace said it has signed an initial pact with the Karnataka government for this proposed investment in the state. The pact is for a period of seven years and expected to generate 14,000 new jobs. This investment will help attract further investments in the state and help meet the increasing demands of industries linked with warehousing and logistics, the company said. Karnataka has a growing base in sectors like automobile, electronics, aerospace, agriculture, textiles and engineering and IndoSpace looks to help these industries with warehousing and logistics facilities, said Rajesh Jaggi, Vice Chairman for Real Estate, Everstone Group. IndoSpa

India saw leasing transactions to the tune of 35 million sqft in FY22

Spread over 90 acres, these two facilities are located in Becharaji and Bavla in Gujarat

The partneship will focus on smaller markets such as Pune, Mumbai, Delhi-NCR, and Bengaluru.

Logistics is one of Blackstone's core investment themes globally. Since 2010, Blackstone has acquired more than 1.2 billion square feet of logistics

New Vernon's investment panel casts a cloud over Värde's earlier investments

Around $580 million of total equity has been committed to ILP III

IFC has proposed an equity investment of up to $25 million (not to exceed 20% of total commitments) in the fund

Two entities will set up a JV called IndoSpace Core to develop logistics facilities in the country