CapitaLand India Trust appoints new CEO-designate businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
CapitaLand India Trust to acquire 2 5 million sq ft of IT buildings in Hyderabad businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
CapitaLand India Trust (CLINT) has partnered with Phoenix Group to acquire two IT buildings in HITEC City, Hyderabad, with a total leasable area of 2.5 million square feet. The acquisition is expected to increase CLINT s earnings and distributions for Unitholders, with a pro forma net profit of around S$4.5 million2 on a stabilised basis
CapitaLand India Trust will provide funding of Rs 2.15 billion (S$34.68 million) to refinance the existing loan and receive interest on the funding at a rate which is higher than its borrowing cost.