CapitaLand Investment to raise $300 million for IT, business parks
ECONOMY & POLICY

CapitaLand Investment to raise $300 million for IT, business parks

Singapore-based CapitaLand Investment is planning to raise around $300 million (about ₹2,500 crore) through one of its private funds to develop IT and business parks in India.

CapitaLand Investment, which manages real estate assets worth over $100 billion, has already raised around $600 million since 2018 to fund its asset purchases and develop its portfolio of real estate in India.

A fund of $300 million raised in 2018 has been fully deployed in logistics and warehousing assets, and a similar amount raised in 2022 will be deployed in similar assets in India over the next 6-7 years.

CapitaLand Investment's CEO of India Business Parks, Gauri Shankar Nagabhushanam, said that the planned fund raise is a work in progress.

CapitaLand Investment, through its Singapore-listed real estate investment trust CapitaLand India Trust, holds assets worth about $3 billion in India, which it plans to double to $6 billion over the next 3-4 years. It also plans to substantially increase its real estate holding from the current 17 million square feet (msf).

The asset manager follows a twin strategy in growing its portfolio in India. The first is through greenfield projects, where it buys land and develops it. The second strategy involves forward purchases, where it buys developed properties from an owner.

For instance, in November 2022, it entered into an agreement with L&T Realty to buy 6 msf of office assets in Mumbai, Chennai and Bengaluru. In January 2023, it entered into a forward agreement to acquire a 1 msf IT park in Bengaluru.

As a result of its land acquisition strategy, the company has a land bank of 500-600 acres, which will be used to develop its real estate assets in India. Of the total pipeline for the next 3-4 years, the asset manager will be developing about 8 msf through third-party acquisitions.

Also Read
Land issues pose challenges for MCL's coal corridor project
LIC Housing Finance expands branches, focuses on LAP & recovery

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

Singapore-based CapitaLand Investment is planning to raise around $300 million (about ₹2,500 crore) through one of its private funds to develop IT and business parks in India.CapitaLand Investment, which manages real estate assets worth over $100 billion, has already raised around $600 million since 2018 to fund its asset purchases and develop its portfolio of real estate in India.A fund of $300 million raised in 2018 has been fully deployed in logistics and warehousing assets, and a similar amount raised in 2022 will be deployed in similar assets in India over the next 6-7 years.CapitaLand Investment's CEO of India Business Parks, Gauri Shankar Nagabhushanam, said that the planned fund raise is a work in progress.CapitaLand Investment, through its Singapore-listed real estate investment trust CapitaLand India Trust, holds assets worth about $3 billion in India, which it plans to double to $6 billion over the next 3-4 years. It also plans to substantially increase its real estate holding from the current 17 million square feet (msf).The asset manager follows a twin strategy in growing its portfolio in India. The first is through greenfield projects, where it buys land and develops it. The second strategy involves forward purchases, where it buys developed properties from an owner.For instance, in November 2022, it entered into an agreement with L&T Realty to buy 6 msf of office assets in Mumbai, Chennai and Bengaluru. In January 2023, it entered into a forward agreement to acquire a 1 msf IT park in Bengaluru.As a result of its land acquisition strategy, the company has a land bank of 500-600 acres, which will be used to develop its real estate assets in India. Of the total pipeline for the next 3-4 years, the asset manager will be developing about 8 msf through third-party acquisitions.Also ReadLand issues pose challenges for MCL's coal corridor projectLIC Housing Finance expands branches, focuses on LAP & recovery

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