Archive · 25 Sep 2025
CapitaLand India Trust Sells Assets in Chennai, Hyderabad
CapitaLand India Trust sold two properties in India, CyberVale in Chennai and CyberPearl in Hyderabad, to an outside company.
These properties included IT and warehouse spaces, totaling 1.4 million sq ft.
The sale price was ₹1,103.1 crore.
The Trust is selling to better manage its investments.
After the sale, CapitaLand will still own properties in both cities.
CapitaLand India Trust sold CyberVale in Chennai and CyberPearl in Hyderabad.
The buyer was an unrelated third party.
The sale price was approximately ₹1,103.1 crore.
The properties include 1.4 million sq ft of space.
The divestment aims to optimize the portfolio.
- Who
- CapitaLand India Trust
- What
- Divested assets in Chennai and Hyderabad
- When
- September 25, 2025
- Where
- Chennai and Hyderabad, India
- Why
- To optimize portfolio and strengthen financial flexibility
Seller (CapitaLand India Trust)
N/A
Strategy
Seller (CapitaLand India Trust)
Optimize CLINT’s portfolio and strengthen financial flexibility. Proceeds will be used to reduce debt, reinvest in higher-yielding projects, and enhance unitholder distributions.
N/A
N/A
- Seller
- CapitaLand India Trust (CLINT)
- Buyer
- Unrelated third party
- Assets Sold
- CyberVale (Chennai), CyberPearl (Hyderabad)
- Sale Price
- ₹1,103.1 crore (S$161.7 million)
- Leased Space
- 1.4 million sq ft
- Divestment Premium
- 3% over valuations (Dec 31, 2024)
- Net Proceeds
- ₹1,082.8 crore ($158.8 million)
