Canada's CPPIB targets India office market with $200m JV deal
Canada Pension Plan Investment Board (CPPIB) will commit $200 million to its first real estate venture in India. In partnership with the Shapoorji Pallonji Group, it will acquire income-producing office buildings in Indian cities. CPPIB has an 80% stake in the joint venture.
The Shapoorji Pallonji Group has a turnover of $2.5 billion and its business interests cover real estate development, construction (including residential, commercial, industrial and infrastructure), and...
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