CapitaLand India Buys Three Industrial Properties Near Chennai

News about CapitaLand India Trust

CapitaLand India Trust is announcing more acquisitions with the purchase of three leasehold industrial properties in OneHub Chennai (India) for S$43.2 million:

Spanning 7.95ha of leasehold land with a renewable lease tenure of 99 years in total, the project is slated for completion in three phases over four years.

Over the land’s total net leasable area of 790,000 sq ft, phase one of the project covers 480,000 sq ft, while phase two is made up of 160,000 sq ft. Another 150,000 sq ft of land comprises phase three of the project.

CapitaLand India Trust
Price1.030 SGD
NAV88.720 INR
Yield (4 quarters)6.26%
Gearing32.6%