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BRIEF-Canada Pension Plan Investment Board and Indospace form joint venture 'Indospace Core'
May 15, 2017 / 12:49 PM / 6 months ago

BRIEF-Canada Pension Plan Investment Board and Indospace form joint venture 'Indospace Core'

May 15 (Reuters) - Canada Pension Plan Investment Board

* Canada Pension Plan Investment Board and Indospace form joint venture ‘Indospace Core’

* Canada Pension Plan Investment Board - CPPIB initially committed approximately US$500 million to joint venture and will own a significant majority stake

* CPPIB says venture also has option to acquire existing pipeline worth approximately US$700 million as well as participate in a future development pipeline

* CPPIB says Indospace core committed to buy 13 well-located industrial and logistics parks from current Indospace development funds Source text for Eikon:

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