CapitaLand India Trust owns IT business parks, industrial and logistics assets and data centres in major Indian cities. Sponsored by Singapore based CapitaLand Investment, it was the first Indian property trust listed in Asia and is building a data centre platform in Navi Mumbai, Chennai, Bengaluru and Hyderabad.
Ownership and structure
CapitaLand India Trust is a Singapore listed business trust, managed by CapitaLand India Trust Management Pte Ltd, that owns IT business parks, logistics, industrial and data centre assets in India.
What India does for CapitaLand India Trust
India is the sole market for the trust, whose portfolio of IT parks and data centres in Bengaluru, Chennai, Hyderabad, Pune and Mumbai generates its income.
Investment and deals
In December 2022 the trust committed about Rs 1,940 crore to acquire land in Ambattur and build a 55 MW data centre in Chennai. In November 2023 it raised Rs 1,300 crore in debt for its 108 MW Navi Mumbai data centre.
CapitaLand India Trust's India business
The trust listed on the Singapore Exchange in August 2007 under the name Ascendas India Trust. Its portfolio covers about 25.3 million sq ft including committed pipeline, with eight IT business parks.
Once all four planned data centres are complete, its data centre capacity will total 251 MW. Its Chennai data centre at Ambattur is planned with 55 MW of power capacity and about 4,900 racks.
Key moves in India
- 2007: The trust listed on the Singapore Exchange in August as Ascendas India Trust, the first Indian property trust in Asia.
- 2022: It announced a Rs 1,940 crore data centre project in Ambattur, Chennai, its third planned data centre in India.
- 2023: It secured a Rs 1,300 crore construction loan in November for its 108 MW Navi Mumbai data centre.
Where it operates
CapitaLand India Trust has a presence in Bengaluru, Chennai, Hyderabad, Pune, Mumbai and Navi Mumbai.
At a glance
- Home country: Singapore
- Global headquarters: Singapore
- Sector: Infrastructure & Data Centres
- Business: Real estate
- Role of India: Investment portfolio
- India offices: Bengaluru, Chennai, Hyderabad, Pune, Mumbai, Navi Mumbai
- India headcount: Not available
- In India since: 2007
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