CLINT Buys IT Business Park From Sponsor

News about CapitaLand India Trust

CapitaLand India Trust is announcing the acquisition of International Tech Park Pune – Hinjawad from its sponsor for about S$221.9 million. The sponsor will be paid partially with S$25.0 million worth of new units of the trust.

The property, which has four buildings, sits on leasehold land (with 95 years remaining) and is fully occupied with a WALE of 3.4 years.

The manager expects the operation to be DPU accretive.

CapitaLand India Trust
Price1.210 SGD
NAV66.720 INR
Yield (4 quarters)6.51%
Gearing37.0%