<p xmlns:fn="http://www.w3.org/2005/xpath-functions">Canada Pension Plan Investment Board (CPPIB) and Everstone Group’s industrial and logistics real estate development platform, IndoSpace, have formed a joint venture named IndoSpace Core to acquire and develop modern logistics facilities in India, according to a statement on Monday.</p>
<p>The Canadian pension fund will initially commit approximately $500 million and own a significant stake in the proposed joint venture. IndoSpace Capital Asia will manage the new entity.</p>