Private Equity

PE-RE Fund Investments

CapitaLand India Trust to acquire 3 industrial facilities in Chennai for Rs.268-Cr

Economic Times  

CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Casa Grande Group to acquire three industrial facilities with a total net leasable area of 0.79 million sq ft at OneHub Chennai in a deal valued around INR 268 crore (SGD 43.2 million).The deal includes CLINT's partial funding for the lease of the project land and total funding for the development of the project. As part of the arrangement, the investor will provide funding in three phases and subsequently acquire the facilities upon completion of each phase's construction.The acquisition of Phase 1 is expected to be completed by the first half of 2025.