CapitaLand launches $525 million India fund to invest in business parks
- CapitaLand Investment, the real estate investment arm of Singapore-based CapitaLand Group, has launched a new India fund, CapitaLand India Growth Fund 2 (CIGF2), with a target fund size of $525 million. The fund will invest in Grade A business parks in prime locations across gateway cities in India.
CIGF2 has already secured $263 million in funding from a global institution for a 50% stake in the fund’s first closing. The company expects to raise the remaining capital from other investors in the coming months.
The launch of CIGF2 is a significant milestone for CapitaLand in India. The company has been investing in India for over two decades and has built a strong track record of success in the country. CIGF2 is the company’s second India-focused fund and is a testament to its commitment to the Indian market.
CIGF2 will focus on investing in business parks that are located in key growth corridors in India, such as the National Capital Region (NCR), Mumbai Metropolitan Region (MMR), and Bengaluru. The fund will target Grade A business parks that are well-tenanted and have good access to infrastructure.
CapitaLand believes that India is a long-term growth market for business parks. The country’s economy is growing rapidly, and there is a strong demand for quality office space from multinational companies and domestic businesses. CIGF2 is well-positioned to capitalize on this growth and generate attractive returns for its investors.
The fund will be managed by a team of experienced professionals with a proven track record in the Indian real estate market. The team will be led by Amit Dixit, who has over 20 years of experience in the Indian real estate sector.
CIGF2 is open to both institutional and retail investors. Investors interested in learning more about the fund can contact CapitaLand Investment at [email protected]
In addition to the information I mentioned in my previous answer, I would like to add the following:
- CIGF2 is expected to generate attractive returns for investors through a combination of capital appreciation and rental income.
- The fund will be managed in a sustainable manner, with a focus on environmental, social, and governance (ESG) factors.
- CIGF2 is committed to supporting the development of India’s economy and society. The fund will invest in business parks that create jobs and opportunities for local communities.
- 22 Sep
HDFC Bank stock expected to re-rate in next 12-18 months, says Motilal Oswal’s Nitin Aggarwal
Aggarwal is bullish on HDFC Bank's long-term prospects, but he believes that investors should wait and see how the bank executes in the near term.
- 22 Sep
Sai Silks’ IPO attracts lukewarm response, analysts raise concerns
Sai Silks Kalamandir's IPO received a lukewarm response with a subscription rate of just 0.07 times. Analysts have raised concerns about the company's high debt levels, intense competition in the industry, and the fact that half of the issue size is an OFS. The company also has 30 percent of its promoter holdings pledged. Despite these concerns, the company's management is confident about its growth prospects.
- 22 Sep
PSU bank shares make a comeback on JPMorgan’s index inclusion decision
PSU bank shares made a strong comeback on September 22, after JPMorgan's decision to include Indian government bonds in its emerging-market index boosted investor sentiment. However, analysts are urging caution with regard to the PSU bank space, citing the risks of investing in smaller PSU banks and the potential for divestment in some of the larger banks. Investors should carefully consider the risks and rewards before investing in PSU bank shares.
- 22 Sep
SEBI penalizes 11 entities for non-genuine trades in illiquid stock options segment
The Securities and Exchange Board of India (SEBI) has penalized 11 entities for non-genuine trades, fined 2 entities for flouting disclosure rules, and suspended the registration of 1 research firm for violating regulatory norms. SEBI's actions are a reminder to market participants that they must comply with all regulatory requirements. Investors should be aware of these risks and take necessary precautions to protect themselves.
- 22 Sep
Zaggle Prepaid Ocean Services Stock Makes Weak Debut, Analysts Recommend Selling
Zaggle Prepaid Ocean Services stock made a muted debut on bourses on September 22, listing at a premium of just 0.6% over the IPO price. Analysts have recommended selling the stock on the opening day, citing its high P/E valuation, debt-to-equity ratio, and negative cash flow.