In the next five years, the real estate investment manager is expected to put in over S$750 million (approx. 4500 crore INR) in ITPC – Radial Road business parks, data center development at Ambattur and logistics portfolio expansion in Chennai through Ascendas First Space.
Headquartered in Singapore, CapitaLand Investment Limited has a strong foothold in Asia. Up till September 2023, CapitaLand had under its management S$133 billion of real estate assets and S$90 billion of real estate funds which are held through six listed real estate investment trusts and business trusts.
CLI has a diversified portfolio in India with total assets under control valued at S$5 billion. It has over 27 IT and business parks, industrial, logistics, lodging and data centre assets across seven cities in India – Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Mumbai and Pune.
CLI’s current portfolio in the city includes three business parks (International Tech Park Chennai – Taramani, International Tech Park Chennai – Radial Road and CyberVale), two industrial facilities in Mahindra World City held under CapitaLand India Trust, two logistics and warehouse facilities at Oragadam and Periyapalayam managed by Ascendas-Firstspace, one coworking space, Bridge+ at ITPC, Taramani, two serviced residences – Somerset Greenways Chennai and Citadines OMR Chennai, and an upcoming data centre in Ambattur.
To date, CLI has invested about S$800 million (approx. 5000 crores) in Chennai and we expect to invest over S$750 (approx. 4500 crore INR) million in the next five years across multiple asset classes, with a special focus on IT parks, logistics, and data centres. CapitaLand Investment Limited (CLI) launched CapitaLand India Growth Fund 2 (CIGF2) – a business park development fund, with a fund valuation of S$525 million to invest in Grade A business parks in prime locations across gateway cities in India. Going by its asset light strategy, CLI intends to maintain a sponsor stake of 20% in the fund, as it grows its funds under management, while maintaining the interest of its investors and partners.
