CapitaLand Investment launches new business park dev. Fund
ECONOMY & POLICY

CapitaLand Investment launches new business park dev. Fund

In order to invest in Grade A business parks across India, CapitaLand Investment (CLI) has established the CapitaLand India Growth Fund 2 (CIGF2), a business park development fund with a target fund size of Singapore $525 million.

A worldwide institution has agreed to give CLI S$263 million (about Rs 16.3 billion) in exchange for a 50% ownership in the fund's initial close. CLI plans to keep a 20% sponsor stake in the fund.

The overall equity commitment for the first transaction is S$368 million (Rs 22.9 billion), including CLI's equity investment for the 20% share. It is anticipated that this will increase CLI's funds under management (FUM) by about S$700 million.

"Besides business parks, we see opportunities to invest in new economy assets such as data centers, logistics, and industrial properties in India through our private funds," said Simon Treacy, CEO of CLI's Private Equity Real Estate division.

As its seed asset, CIGF2 purchased from CLI a 70% equity position in International Tech Park Chennai, Radial Road (ITPC-Radial Road) for S$95 million (Rs 5.9 billion). After its divestiture, CLI will keep running the ITPC-Radial Road asset.

The 2.6 million square foot IT park is being built in two phases, with Phase 1 projected to be finished by the third quarter of 2023. It includes two blocks of Grade A office space.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

In order to invest in Grade A business parks across India, CapitaLand Investment (CLI) has established the CapitaLand India Growth Fund 2 (CIGF2), a business park development fund with a target fund size of Singapore $525 million. A worldwide institution has agreed to give CLI S$263 million (about Rs 16.3 billion) in exchange for a 50% ownership in the fund's initial close. CLI plans to keep a 20% sponsor stake in the fund. The overall equity commitment for the first transaction is S$368 million (Rs 22.9 billion), including CLI's equity investment for the 20% share. It is anticipated that this will increase CLI's funds under management (FUM) by about S$700 million. Besides business parks, we see opportunities to invest in new economy assets such as data centers, logistics, and industrial properties in India through our private funds, said Simon Treacy, CEO of CLI's Private Equity Real Estate division. As its seed asset, CIGF2 purchased from CLI a 70% equity position in International Tech Park Chennai, Radial Road (ITPC-Radial Road) for S$95 million (Rs 5.9 billion). After its divestiture, CLI will keep running the ITPC-Radial Road asset. The 2.6 million square foot IT park is being built in two phases, with Phase 1 projected to be finished by the third quarter of 2023. It includes two blocks of Grade A office space.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000