CPPIB com­mits US$500 mil­lion to In­doS­pace

Cape Breton Post - - Business -

TORONTO — Canada Pen­sion Plan In­vest­ment Board says it has com­mit­ted about US$500 mil­lion to be­come the ma­jor­ity part­ner in In­doS­pace Core, a joint ven­ture with In­doS­pace that will buy and de­velop lo­gis­tics fa­cil­i­ties in In­dia.

The part­ner­ship has com­mit­ted to ac­quire 13 in­dus­trial and lo­gis­tics parks in In­dia, in­clud­ing Mum­bai, Delhi and Ban­ga­lore.

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