A joint venture co-owned by the Canada Pension Plan Investment Board and IndoSpace is acquiring six industrial and logistics parks in India for roughly $471 million.
The investment organization is providing $217 million to fund the transaction by IndoSpace Core, which the CPPIB owns a 93 per cent stake in. Structural growth, driven by urbanization and expanding manufacturing footprint, is boosting India’s logistic sector, said Hari Krishna V, managing director and head of real estate India and Mumbai office head at the CPPIB, in a press release.
“Our longstanding partnership with IndoSpace has enabled us to capture high-quality opportunities in this space.”
In other news, Oxford Properties Group, the global real estate investor arm of the Ontario Municipal Employees’ Retirement System, confirmed an office lease deal with artificial intelligence-productivity platform Superhuman.
The AI operator will centre its German hub in the office space located in Berlin. Oxford Properties redeveloped the entire campus for €300 million alongside Norges Bank Investment Management in 2022.
“This latest letting is testament to the improvements we have already made and continue to progress, which has allowed us to attract globally recognised brands such as Superhuman to Das Center,” said Jay Drexler, vice-president of asset management at Oxford Properties, in a press release.
The British Columbia Investment Management Corp. is advancing post-quantum readiness through a new joint initiative with the Quantum Algorithms Institute.
The two will identify quantum investment applications for portfolio optimization, risk assessment and financial modeling. The pursuit will also implementing post-quantum security standards to support the BCI’s long-term operational resilience.
“Quantum computing will impact how investors around the world protect systems and approach complex investment scenarios,” said Gordon Fyfe, chief executive officer and chief investment officer at the BCI, in a press release. “We are positioning BCI to leverage this technology for business advantage as it becomes more widely available.”