CapitaLand Investment Ltd has announced the launch of a SGD 525 million fund to invest in premium business parks across major cities in India. The fund, called CapitaLand India Growth Fund 2 (CIGF2), aims to invest in Grade A business parks in prime locations across gateway cities in India. CLI has secured SGD 263 million from a global institution, granting them a 50% stake in the fund’s first closing. As part of their asset-light strategy, CLI plans to maintain a sponsor stake of 20% in the fund.
This move comes as CapitaLand continues to expand its presence in India’s real estate market. The fund will allow them to develop and acquire premium business parks in key cities, catering to the growing demand for high-quality office spaces. CLI’s investment in India is in line with their strategy to grow their funds under management (FUM) while reducing their exposure to operational risks associated with property ownership.
CapitaLand sees immense potential in India’s business park sector, driven by the country’s rapid urbanization, economic growth, and government initiatives aimed at attracting foreign investment. Premium business parks are becoming increasingly popular among multinational corporations and domestic companies looking for modern, sustainable, and well-located office spaces.
By focusing on Grade A business parks, CapitaLand aims to provide top-notch facilities and amenities to tenants, ensuring a conducive work environment. Their expertise in real estate development and management will enable them to deliver quality projects that meet the diverse needs of businesses operating in India.
Additionally, this fund will generate job opportunities and contribute to the overall economic development of the cities where these business parks will be located. CapitaLand’s investment will not only drive growth in the Indian real estate sector but also support the country’s vision of becoming a global business hub.
CapitaLand’s decision to launch this fund reflects their confidence in India’s long-term growth potential. As a leading real estate company with a strong global presence, CapitaLand continues to diversify its portfolio and tap into emerging markets. By investing in premium business parks in India, CapitaLand is well-positioned to capitalize on the country’s robust economic growth and the increasing demand for high-quality office spaces.
With the launch of CapitaLand India Growth Fund 2, the company aims to create value for its investors while contributing to the development of India’s commercial real estate landscape. CapitaLand’s track record of success, coupled with their commitment to sustainability and innovation, makes them a trusted partner for businesses seeking premium office spaces in India’s major cities.
Overall, CapitaLand’s investment in the Indian business park sector is a significant step towards supporting India’s economic growth and urban development. As they continue to expand their footprint in the country, CapitaLand is poised to play a pivotal role in shaping India’s commercial real estate landscape. The launch of this fund reaffirms CapitaLand’s commitment to delivering excellence and creating sustainable value for their stakeholders.
