CapitaLand expands into Real Estate Funding and Renewable Energy
Real Estate

CapitaLand expands into Real Estate Funding and Renewable Energy

CapitaLand, a Singapore-based real estate company, is set to venture into real estate funding and expand its presence in the renewable energy sector. Sanjeev Dasgupta, the CEO of CapitaLand Investment India and CapitaLand India Trust, shared this expansion plan.

Currently, the company possesses approximately 22 million square feet of business parks and 7.5 million square feet of industrial parks. Their ambitious goal is to increase this portfolio to 50 million square feet within the next three years.

Dasgupta explained that they are in the early stages of evaluating real estate credit, a new area for them, and they are planning to be operational in Australia soon. He mentioned that India is a logical choice to expand this business as lending to real estate has become limited and more expensive after the NBFC crisis.

The company intends to maintain the fund size between $100 million to $200 million and will be financing both residential and commercial projects.

CapitaLand Investment (CLI), headquartered and listed in Singapore, is a global real estate investment manager (REIM) with a strong presence in Asia. As of March 31, 2023, CLI manages S$133 billion of real estate assets and S$89 billion of real estate funds through six listed real estate investment trusts and business trusts, along with more than 30 private vehicles across Asia Pacific, Europe, and the USA.

Dasgupta expressed optimism about India's economic prospects, attributing it to the infrastructure push and the relocation of manufacturing within Asia, leading to increased demand.

In India, CapitaLand has a robust presence, with a portfolio of over 20 business and IT parks, industrial properties, lodging, and logistics properties in seven cities, namely Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Mumbai, and Pune, with an AUM of $4 billion.

The company is also heavily focusing on data centres and plans to set up its first solar power plant for captive consumption soon. They aim to incorporate renewable energy as a significant part of their energy mix for data centres and explore scaling renewable energy ventures.

Dasgupta emphasised that their capital allocation would be substantial across all three asset classes. However, he also pointed out that renewable energy ventures for third parties would require high capital investment.

CapitaLand is considering Kolkata and Noida as potential locations for data centres. Additionally, Dasgupta observed that the demand for office space is stabilising, and there might be a significant shortage of office supply in the next two years.

CapitaLand, a Singapore-based real estate company, is set to venture into real estate funding and expand its presence in the renewable energy sector. Sanjeev Dasgupta, the CEO of CapitaLand Investment India and CapitaLand India Trust, shared this expansion plan.Currently, the company possesses approximately 22 million square feet of business parks and 7.5 million square feet of industrial parks. Their ambitious goal is to increase this portfolio to 50 million square feet within the next three years.Dasgupta explained that they are in the early stages of evaluating real estate credit, a new area for them, and they are planning to be operational in Australia soon. He mentioned that India is a logical choice to expand this business as lending to real estate has become limited and more expensive after the NBFC crisis.The company intends to maintain the fund size between $100 million to $200 million and will be financing both residential and commercial projects.CapitaLand Investment (CLI), headquartered and listed in Singapore, is a global real estate investment manager (REIM) with a strong presence in Asia. As of March 31, 2023, CLI manages S$133 billion of real estate assets and S$89 billion of real estate funds through six listed real estate investment trusts and business trusts, along with more than 30 private vehicles across Asia Pacific, Europe, and the USA.Dasgupta expressed optimism about India's economic prospects, attributing it to the infrastructure push and the relocation of manufacturing within Asia, leading to increased demand.In India, CapitaLand has a robust presence, with a portfolio of over 20 business and IT parks, industrial properties, lodging, and logistics properties in seven cities, namely Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Mumbai, and Pune, with an AUM of $4 billion.The company is also heavily focusing on data centres and plans to set up its first solar power plant for captive consumption soon. They aim to incorporate renewable energy as a significant part of their energy mix for data centres and explore scaling renewable energy ventures.Dasgupta emphasised that their capital allocation would be substantial across all three asset classes. However, he also pointed out that renewable energy ventures for third parties would require high capital investment.CapitaLand is considering Kolkata and Noida as potential locations for data centres. Additionally, Dasgupta observed that the demand for office space is stabilising, and there might be a significant shortage of office supply in the next two years.

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