CapitaLand Investment, located in Singapore, intends to raise over $300 million (roughly 2,500 crore) through one of its private funds for the construction of IT and business parks in India.
Since 2018, CapitaLand Investment, which oversees real estate assets worth over $100 billion, has raised over $600 million to pay for asset purchases and expand its portfolio of Indian properties.
While a $300 million fund raised in 2018 was entirely invested in storage and logistics assets, a similar sum raised in 2022 will be invested in similar assets in India over the course of the following 6-7 years.
Gauri Shankar Nagabhushanam, CEO of CapitaLand Investment’s India Business Parks, stated that the anticipated fund raise was still in the planning stages.
