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Everstone Group, Canada Pension Fund Set Up Logistics JV IndoSpace Core

by livemint.com posted 1year ago 488 views
<p xmlns:fn="http://www.w3.org/2005/xpath-functions">Canada Pension Plan Investment Board (CPPIB) and Everstone Group&rsquo;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>