The Canada Pension Plan Investment Board contributed $205 million as an anchor investor to IndoSpace's new real estate fund. The current investment is the first closing for the company's Logistics Parks IV (ILP IV), its fourth development vehicle, which is expected to receive $600 million in total equity commitments.

Logistics assets: In India, IndoSpace Core is the owner of a portfolio of logistics assets. According to the business, the partnership's assets would surpass $1 billion after the investment in ILP IV. ILP IV will add an additional 25–30 million square feet to the IndoSpace portfolio with a concentration on the logistics and real estate markets, including Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune.

"We have made multiple investments in India's industrial area in recent years as we expect strong demand as the manufacturing sector expands and the e-commerce sector grows. We believe this investment will produce good risk-adjusted returns for CPP participants and beneficiaries, and we will engage with our long-standing partner IndoSpace to further capitalise on opportunities in this market, added Hari.

Development funds - The first three development funds, which together own 56 million square feet of contemporary logistics real estate in India, served as the foundation for the creation of ILP IV. "ILP IV will enable us to further develop our distinctive national network and better serve our clients. "The company is pleased to continue to be one of India's leading infrastructure creators to reach the country's goal of being a $5 trillion economy by 2025," stated Brian Oravec, Managing Partner and CEO, IndoSpace Capital Asia.