CapitaLand

In a Q&A, Gauri Shankar Nagabhushanam also dwells on his company's ESG focus and why there is a lot of interest India despite the global headwinds

CapitaLand India Trust (CLINT) has agreed to acquire 1 million square feet IT park in Bengaluru for Rs 1,226 crore.

L&T will build and develop the spaces, CLINT will market them; most of the projects are to be started from the second half of 2024

CapitaLand has proposed a consolidation of its investment management platform and the lodging business into an entity called CapitaLand Investment Management as part of a restructuring process.

Such centres to witness $5 bn in investments till March 2025 and increase threefold in capacity: Crisil report

Deal size likely to be Rs 2,000 crore

To achieve the target, CapitaLand will invest capital to grow development pipeline and work with capital partners to grow fund management business in the next five years

It had recently acquired the business units of Temasek Holdings-owned Ascendas Singbridge

Blackstone is aggressively buying office assets and malls in the last couple of years

Blackstone is selling its BlueRidge SEZ and another SEZ at Hinjewadi in Pune

It owns stake in eight malls, of which 5 are with Prestige and two are with Advance India Projects

The fund, which is the largest private capital raise that CapitaLand has originated, will have a life of eight years