CapitaLand Investment Limited (SG:9CI) has released an update.
CapitaLand India Trust, managed by CapitaLand India Trust Management Pte. Ltd., is set to expand its footprint in India’s tech real estate by forward purchasing approximately 2.5 million square feet of IT buildings in Hyderabad’s HITEC City. The subsidiary companies, ITPL and CPITPL, will also provide inter-corporate deposits of up to ₹2.15 billion to assist in the repayment of the vendor’s existing loans related to the project. This strategic move illustrates CapitaLand’s commitment to growing its assets in the booming Indian IT infrastructure sector.
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