Canada Pension Plan Investment Board and Tata Group to form a joint venture in an CAD866m deal.

Canada Pension Plan Investment Board, a global investment management organisation, and Tata Group, an Indian multinational conglomerate headquartered in Mumbai, agreed to form a joint venture to develop and own commercial office space across India in an CAD866m deal. "This new relationship with TATA Realty and Infrastructure Limited, one of India’s leading operators, provides an excellent avenue from which to explore opportunities in the fast-growing commercial real estate sector. It is an important step in expanding CPP Investments’ relationships with leaders in the market, to deliver solid long-term adjusted risk-adjusted returns to CPP contributors and beneficiaries," Hari Krishna V, CPP Investments Managing Director, Head of Real Estate India.