Eyes private credit for real estate, renewable energy
Singapore's CapitaLand is also exploring new opportunities in renewable energy and real estate private credit within the country
The acquisition is part of a forward purchase arrangement with Nalanda Shelter Private Limited that was announced on 14 June 2019
"Securing this onshore loan in India would diversify our funding sources and help us to optimise our funding costs," said Sanjeev Dasgupta, CEO of CLINT
CapitaLand Investment Ltd on Thursday said it has launched an SGD 525 million fund to invest in premium business parks across major cities in India. In a statement, CapitaLand Investment Ltd (CLI) said it has "launched a business park development fund CapitaLand India Growth Fund 2 (CIGF2), with a target fund size of Singapore dollar 525 million to invest in Grade A business parks in prime locations across gateway cities in India." CLI has secured SGD 263 million (about Rs 16.3 billion) from a global institution for a 50 per cent stake in the fund's first closing. It intends to maintain a sponsor stake of 20 per cent in the fund, in line with its asset-light strategy to grow its funds under management (FUM). Including CLI's equity contribution for the 20 per cent stake, the total equity commitment for the first closing is Singapore dollar 368 million (about Rs 22.9 billion). This is expected to add approximately SGD 700 million to its FUM. The fund has already acquired an equity
Additionally, the company said it had secured a S$263 million funding from a global institution for a 50% stake in the fund's first closing
In a Q&A, Gauri Shankar Nagabhushanam also dwells on his company's ESG focus and why there is a lot of interest India despite the global headwinds
CapitaLand India Trust (CLINT) has agreed to acquire 1 million square feet IT park in Bengaluru for Rs 1,226 crore.
L&T will build and develop the spaces, CLINT will market them; most of the projects are to be started from the second half of 2024
CapitaLand has proposed a consolidation of its investment management platform and the lodging business into an entity called CapitaLand Investment Management as part of a restructuring process.
Such centres to witness $5 bn in investments till March 2025 and increase threefold in capacity: Crisil report
Deal size likely to be Rs 2,000 crore
To achieve the target, CapitaLand will invest capital to grow development pipeline and work with capital partners to grow fund management business in the next five years
It had recently acquired the business units of Temasek Holdings-owned Ascendas Singbridge
Blackstone is aggressively buying office assets and malls in the last couple of years
Blackstone is selling its BlueRidge SEZ and another SEZ at Hinjewadi in Pune
It owns stake in eight malls, of which 5 are with Prestige and two are with Advance India Projects
The fund, which is the largest private capital raise that CapitaLand has originated, will have a life of eight years