Post by CapitaLand

CapitaLand India Growth Fund 2 (CIGF2) to divest International Tech Park Chennai, Radial Road (ITPC-Radial Road) for INR30 billion (S$430 million). The divestment will exceed the fund's targets, and deliver strong returns to our institutional capital partners. A development fund, CIGF2 invests in Grade A business parks in prime locations across India’s gateway cities such as Bangalore, Mumbai and Pune. The fund continues to seek investment opportunities in India’s gateway cities. Located along one of Chennai’s key business corridors, ITPC-Radial Road is the first business park in India to be certified Net Zero for energy efficiency, water conservation and waste management at the design stage by the Indian Green Building Council. Hardik Gesota #India #Divestment #PrivateFunds