CapitaLand Investment launches Rs.32.61 billion fund to invest in India
Real Estate

CapitaLand Investment launches Rs.32.61 billion fund to invest in India

Singapore's CapitaLand Investment (CLI) unveiled CapitaLand India Growth Fund 2, targeting Rs.32.61 billion to invest in prime Grade A business parks across key Indian cities. CLI secured Rs.16.3 billion from a global institution, owning 50 per cent at first close. With a 20 per ...

Singapore's CapitaLand Investment (CLI) unveiled CapitaLand India Growth Fund 2, targeting Rs.32.61 billion to invest in prime Grade A business parks across key Indian cities. CLI secured Rs.16.3 billion from a global institution, owning 50 per cent at first close. With a 20 per cent sponsor stake, CLI stays aligned with investors while growing funds under management (FUM). Initial commitment is Rs.22.9 billion, boosting FUM by about SGD 700 million. The fund's inaugural asset is 70 per cent of International Tech Park Chennai, acquired for Rs.5.9 billion from CLI. Postdivestment, CLI will maintain asset management responsibilities. Contact: CapitaLand Investment (CLI) Website: www.capitaland.com

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Hafele opens new design studio in Tirupati

Hafele has opened a new franchise showroom in Tirupati, Andhra Pradesh, in partnership with WDA Design Studio Private Limited. Located on Upparpalli Main Road, the showroom showcases the brand’s full range of premium interior solutions.Graced by Ms. Padma Gupta, Director – HR & Customer Experience at Hafele South Asia, and directors of WDA Design Studio, the launch highlights Hafele’s focus on growing its presence in South India. The studio is designed as an automation-ready, one-stop solution for modern interiors, offering an immersive layout with realistic and futuristic displays.V..

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