October 19, 2017 9:48 PM ET

Real Estate Management and Development

Company Overview of IndoSpace Development Management Private Limited

Company Overview

IndoSpace Development Management Private Limited designs, develops, executes, and maintains industrial and warehousing parks in India. The company was founded in 2007 and is headquartered in Mumbai, India.

One Indiabulls Centre

4th floor, Tower 2B

Elphinstone Road

Senapati Bapat Marg

Mumbai,  400013

India

Founded in 2007

Phone:

91 22 6167 1001

Key Executives for IndoSpace Development Management Private Limited

Chief Executive Officer
Age: 48
Chief Executive Officer of Indospace Capital Advisors
Compensation as of Fiscal Year 2017.

IndoSpace Development Management Private Limited Key Developments

Canada Pension Plan Investment Board and IndoSpace Form Joint Venture

Canada Pension Plan Investment Board (CPPIB) and IndoSpace announced the creation of IndoSpace Core, a joint venture that will focus on acquiring and developing modern logistics facilities in India. CPPIB has initially committed approximately USD 500 million to the joint venture and will own a significant majority stake. IndoSpace Capital Asia will manage the new entity. 4500 IndoSpace Core has committed to acquire 13 well-located industrial and logistics parks totaling approximately 14 million square feet, from current IndoSpace development funds. The joint venture will acquire the first nine facilities totaling approximately nine million square feet at closing, and the additional facilities within 24 months. 4503 (SPAN) 4504 surrogate. The assets are prime industrial properties located in the top industrial and logistics hubs in India, including Chennai, Pune, Mumbai, Delhi and Bangalore. 4507 Andrea Orlandi, Managing Director, Head of Real Estate Investments – Europe, 4511 CPPIB, 4514.

CPPIB May Buy Indospace From Everstone Group

Canada Pension Plan Investment Board reportedly is seeking acquisition of IndoSpace Development Management Private Limited. Canada Pension Plan Investment Board is close to buying Indo-Space, owned by Everstone Capital Management, for roughly $700 million. Canada Pension Plan Investment Board will further invest up to $1.2 billion in the company, signalling the continued interest of Canada Pension Plan Investment Board in India, two persons with direct knowledge of the development said. “Everstone Capital has decided to monetise its warehousing assets as further capital infusion would require a deep-pocketed partner,” said one of the persons aware of the matter. “They were going to bring in a minority partner to establish valuation of the business for the proposed listing, but it is now going with a complete sale.” “The two companies will sign an agreement in a fortnight,” the second person said. “Canada Pension Plan Investment Board will invest an additional $1.2 billion in the company to develop around 40 million sq.ft. of warehouses over the next five years,” said another person with knowledge of the deal. An Everstone spokesperson did not respond to an emailed query while a CPPIB spokesperson declined to comment on market speculation in an emailed response.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 15, 2017
13 Industrial and Logistics Parks
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