Morrison & Foerster has advised IndoSpace, the biggest developer of industrial and logistics real estate in India, on the formation of a $1.3 billion joint venture with the Canada Pension Plan Investment Board (CPPIB), which turned to Cyril Amarchand Mangaldas for advice.

S&R Associates was also involved in the deal, advising Everstone Group, a private equity firm that owns IndoSpace.

CPPIB is expected to invest $500 million and get a majority stake in the JV. Called IndoSpace Core, the JV will focus on acquiring and developing modern logistics facilities in India.

The MoFo team was led by partners Eric Piesner and Shirin Tang in Singapore and Jason Nelms in Hong Kong. Fellow partners Amit Kataria, Matthew Lau, Joshua Isenberg, Ken Muller also provided support. 

Partner Shagoofa Khan handled the transaction for CAM, while partners Sandip Bhagat, Rajat Sethi, Sudip Mahapatra headed the S&R team.