Mubadala is among the many companies that have submitted bids to buy Canada Pension Plan Investment Board’s (CPPIB) 50 per cent stake in India-based IndoSpace Core, according to reports. IndoSpace Core, owns and develops warehouses, a JV between IndoSpace and CPPIB. “The portfolio has matured and CPPIB is looking to exit its investment after six years, and the deal is expected to get done in some time,” the reports stated. IndoSpace Core’s portfolio comprises 50 logistics parks with 57 million sq. ft. of delivered or under development space. In May, Khaled Abdulla Al Qubaisi, CEO, real estate and infrastructure investments at Mubadala, told another daily that India is a priority market for the company as it increases its weight allocation and portfolio in the South Asian nation.
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