CapitaLand launches $32.61 bn fund for Indian business parks
Real Estate

CapitaLand launches $32.61 bn fund for Indian business parks

Singapore's CapitaLand Investment Limited (CLI) has introduced the CapitaLand India Growth Fund 2, targeting a significant $32.61 billion fund size. The fund's objective is to invest in high-quality Grade A business parks strategically located in key Indian cities.

In a strategic move, CLI has already secured a substantial $16.3 billion from a global institution, acquiring a 50% stake in the fund's initial closing. CLI's asset-light strategy is evident as it plans to retain a 20% stake as the sponsor, aligning its interests with investors.

The fund's first closing will contribute around $16.3 billion to CLI's funds under management. The seed asset for the fund is the International Tech Park Chennai, in which CLI acquired a 70% equity stake for $5.9 billion. This acquisition highlights CLI's commitment to premium real estate offerings.

The International Tech Park Chennai spans 2.6 million square feet and serves the IT and IT-enabled services sector. With Grade A office space, advanced infrastructure, and strong connectivity, the park is well-positioned as a hub. It will be developed in two phases, with the first phase expected to be completed by Q3 2023. CLI will manage the asset post-divestment, showcasing its comprehensive approach to investment.

Simon Treacy, CEO of Private Equity Real Estate at CLI, recognized India's dynamic economic landscape and urbanisation, emphasising the potential in business parks and new economy assets like data centres and logistics. CapitaLand's launch of the CapitaLand India Growth Fund 2 demonstrates its confidence in India's real estate market and its commitment to providing top-tier assets for evolving business needs.

Singapore's CapitaLand Investment Limited (CLI) has introduced the CapitaLand India Growth Fund 2, targeting a significant $32.61 billion fund size. The fund's objective is to invest in high-quality Grade A business parks strategically located in key Indian cities.In a strategic move, CLI has already secured a substantial $16.3 billion from a global institution, acquiring a 50% stake in the fund's initial closing. CLI's asset-light strategy is evident as it plans to retain a 20% stake as the sponsor, aligning its interests with investors.The fund's first closing will contribute around $16.3 billion to CLI's funds under management. The seed asset for the fund is the International Tech Park Chennai, in which CLI acquired a 70% equity stake for $5.9 billion. This acquisition highlights CLI's commitment to premium real estate offerings.The International Tech Park Chennai spans 2.6 million square feet and serves the IT and IT-enabled services sector. With Grade A office space, advanced infrastructure, and strong connectivity, the park is well-positioned as a hub. It will be developed in two phases, with the first phase expected to be completed by Q3 2023. CLI will manage the asset post-divestment, showcasing its comprehensive approach to investment.Simon Treacy, CEO of Private Equity Real Estate at CLI, recognized India's dynamic economic landscape and urbanisation, emphasising the potential in business parks and new economy assets like data centres and logistics. CapitaLand's launch of the CapitaLand India Growth Fund 2 demonstrates its confidence in India's real estate market and its commitment to providing top-tier assets for evolving business needs.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?