CLINT Sells Chennai, Hyderabad Assets for Rs 11 Billion

01 Oct 2025 CW Team

Commercial real-estate trust CapitaLand India Trust (CLINT) has divested its stakes in CyberVale, Chennai, and CyberPearl, Hyderabad, to an unrelated third party for Rs 11 billion (approximately S$161.7 million). The two assets were sold at a 3 per cent premium to their independent valuations as of 31 December 2024. Net proceeds from the deal are expected to be Rs 10.8 billion (around S$158.8 million).

CyberVale comprises 0.8 million sq ft of IT Special Economic Zone space and 0.2 million sq ft of Free Trade Warehousing Zone in Mahindra World City, Chennai. CyberPearl is a 0.4 million sq ft IT park located in Hyderabad’s HITEC City. Combined, the properties span about 1.4 million sq ft.

Gauri Shankar Nagabhushanam, CEO of CapitaLand India Trust Management Pte. Ltd., said: “The successful divestment of CyberVale and CyberPearl marks the start of our capital recycling strategy to optimise CLINT’s portfolio and strengthen financial flexibility. The proceeds give us the option to reduce debt, reinvest in higher-yielding projects, and enhance unitholder distributions. With our strong financial position, we will continue to look for attractive investments to deliver sustainable returns.”

After the transaction, CLINT’s completed portfolio will cover 21.2 million sq ft. In Chennai, the trust will retain International Tech Park Chennai, three industrial facilities, and a data centre under development. In Hyderabad, the portfolio will include International Tech Park Hyderabad, aVance Hyderabad, and a data centre under development.

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