CapitaLand Investment Launches New Business Park Development Fund in India
Summary
It offers two blocks of Grade A office space, state-of-the-art infrastructure, and is well-connected with all modes of transport including the upcoming metro line. The office and business park sector has been the most established and resilient asset class in India, and it provides stable recurring income through long-term leases with large corporate tenants. It will implement an intelligent Building Management System, with added support of Digital Twin Technology to improve the energy efficiency of the property through real-time data analysis and performance monitoring. Offering a modern office environment with excellent floor efficiency, ITPC-Radial Road’s quality amenities include a food court, coworking space, medical centre, crèche, health club, convenience stores, and open collaborative spaces that will feature public art, among others.CLI in IndiaCIGF2 is CLI’s second business park development fund in India since the S$300 million Ascendas India Growth Programme, which was closed and fully committed in 2015. It has over 20 IT and business parks, industrial, logistics, lodging and data centre assets across seven cities in India – Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Mumbai and Pune.