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]
Key features of the fund:
- Target fund size: \$525 million
- Focus: Grade A business parks in prime locations across gateway cities in India
- Investment strategy: Capital appreciation and rental income
- Management team: Experienced professionals with a proven track record in the Indian real estate market
- Target investors: Institutional and retail investors
Benefits of investing in CIGF2:
- Exposure to India’s growing economy and demand for quality office space
- Potential for attractive returns through capital appreciation and rental income
- Managed by a team of experienced professionals with a proven track record
- Open to both institutional and retail investors
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