CapitaLand to Launch India-Focused Fund for Data Center Investments
CapitaLand Investment Ltd to Boost Investments in Indian Real Estate
CapitaLand Investment Ltd, a Singapore-based real estate investor, is set to increase its presence in India's real estate market. The company has announced plans to double down on investments in business parks, data centres, logistics, and industrial assets, particularly in Mumbai and Pune, Maharashtra.
According to a top executive from CapitaLand Investment Ltd, the company is looking to significantly grow and consolidate its presence in these sectors within the Indian real estate market. CapitaLand aims to more than double its funds under management in India by the year 2028, moving towards a portfolio that is more balanced towards India and Southeast Asia.
The exact office asset that CapitaLand REIT is acquiring in Bengaluru is not specified. However, this acquisition is part of CapitaLand's broader strategy to intensify its focus on business parks, data centres, logistics, and industrial infrastructure in Maharashtra.
CapitaLand has been active in India for several decades, with involvement in various assets, including business parks, data centres, industrial, and warehousing projects over the last three decades. The company has also recently sold two real estate assets in India for a total of $68 million, demonstrating its commitment to strategic asset management.
The specific real estate segment that CapitaLand Investment Ltd is focusing on in India is not yet clear. The company has not provided any information about the current status or timeline of its plans to double down on a real estate segment in India. Additionally, no other companies or entities involved in these potential investment plans have been mentioned.
CapitaLand's increased focus on India comes as it looks to rebalance its portfolio towards the region. The company's portfolio spans IT/business parks, coworking spaces, logistics, lodging, and data centres across multiple Indian cities, with Mumbai and Pune being key focus areas for upcoming investments.
Despite the ambitious plans, CapitaLand has not mentioned any potential challenges or obstacles that it may face in its plans to increase investment in India. The company has not provided any financial details or figures related to its potential investment in India either.
This news marks an exciting development for the Indian real estate market, as CapitaLand continues to solidify its position as a significant player in the region. Further updates on CapitaLand's investment plans in India are expected in the coming months.
[1] CapitaLand Investment Ltd to double down on investments in India. (2022). Retrieved from https://www.capitaland.com/media-centre/press-releases/2022/capitaland-investment-ltd-to-double-down-on-investments-in-india
[2] CapitaLand to rebalance portfolio towards India, Southeast Asia. (2022). Retrieved from https://www.reit.com.sg/news/capitaland-to-rebalance-portfolio-towards-india-southeast-asia
[3] CapitaLand Investment Ltd to invest over Rs 19,200 crore in India by 2030. (2022). Retrieved from https://www.business-standard.com/article/companies/capitaland-investment-ltd-to-invest-over-rs-19-200-crore-in-india-by-2030-122040600036_1.html
[4] CapitaLand sells two real estate assets in India for $68 million. (2022). Retrieved from https://www.reit.com.sg/news/capitaland-sells-two-real-estate-assets-in-india-for-us68-million
[5] CapitaLand Investment Ltd to focus on business parks, data centres, logistics, and industrial infrastructure in India. (2022). Retrieved from https://www.moneycontrol.com/news/business/real-estate/capitaland-investment-ltd-to-focus-on-business-parks-data-centres-logistics-and-industrial-infrastructure-in-india-7406141.html
- CapitaLand Investment Ltd is looking to significantly grow and consolidate its presence in India's real estate market, focusing on business parks, data centres, logistics, and industrial assets, particularly in Mumbai and Pune, Maharashtra.
- CapitaLand aims to more than double its funds under management in India by the year 2028, moving towards a portfolio that is more balanced towards India and Southeast Asia.
