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CDPQ arm in talks to invest $100 mn in Assetz group

Ivanhoe is looking to re-enter Indian real estate

Raghavendra Kamath  |  Mumbai 

Ivanhoe Cambridge, the real estate investment arm of Canada’s second-largest pension fund manager CDPQ, is in talks with Singapore-headquartered Assetz Property Group to invest $100 million (Rs 680 crore) in the latter’s logistics operations in the country, said a source in the know.  “Both are in talks as of now and yet to sign any deal,” said the source. Ivanhoe is looking to re-enter Indian real estate. It is in the final leg of talks with the Ajay Piramal group for a joint venture. Assetz has a strategy of greenfield development and ...

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First Published: Mon, February 13 2017. 03:03 IST