Real estate holdings in India to be purchased by a CDPQ entity in conjunction with Temasek
In a significant development in the Indian real estate market, Ivanhoe Cambridge, the global real estate investment arm of Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), and Singapore’s state investment firm Temasek are jointly undertaking a partial exit from a portfolio of Indian real estate assets.
The exact nature of the assets involved and the size of the stakes have not been fully disclosed, but the deal is expected to provide a part-exit route for existing investors or stakeholders in those assets. The transaction signifies a strategic realignment or portfolio recycling in the Indian real estate sector by these major international investors.
One of the key highlights of this deal is the exit of Temasek from its joint venture with Schneider Electric in India, valued at $6.35 billion. This exit marks a significant move for Temasek, as it is one of the largest deals in the Indian market. However, the specific assets being acquired and the identity of the existing party being partially exited were not revealed.
The timeline for the acquisition and the financial terms have not been provided in the public domain. The focus remains on the announcement of this deal as a notable transaction in the Indian property investment market involving significant global players like Ivanhoe Cambridge and Temasek.
This move by Ivanhoe Cambridge and Temasek underscores their continued interest and investment in the Indian real estate market, despite the lack of detailed information about the deal. As the market continues to evolve, it will be interesting to see the impact of this transaction on the overall landscape of the Indian real estate sector.
[1] Source: Latest update from August 2025, accessible search results.
This deal, involving Ivanhoe Cambridge and Temasek, signifies a strategic move in the financing of real estate assets in India, as they look to recycle their portfolios. The transaction, while details are scarce, is expected to provide a part-exit route for existing investors in certain assets.
Despite the lack of specifics, this move underscores the ongoing investment interest of global players like Ivanhoe Cambridge and Temasek in the Indian real estate market. The impact of such transactions on the overall landscape of the Indian real estate sector will continue to be monitored.
