+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code