Advertisement
CapitaLand Investment Limited is set to become the first foreign company to list a business park REIT on the Shanghai Stock Exchange, aiming to raise USD 294 million (INR 2,400 crore). The milestone is expected to open the door for more foreign participation in China's real estate market. Alongside, CapitaLand is monetising assets in India, with plans to sell a Chennai commercial property leased to Apple supplier Pegatron for about INR 600 crore. The sale is part of its capital recycling strategy to unlock value and reallocate funds toward new opportunities, reinforcing CapitaLand's focus on expanding its global real estate footprint.
With plans to raise USD 294 million (INR 2,400 crore), CapitaLand Investment Limited is poised to become the first foreign company to list a business park Real Estate Investment Trust (REIT) on the Shanghai Stock Exchange. The company aims to raise a significant sum of USD 294 million (INR 2,400 crore) through this listing, a development that is seen as a major milestone for both the company and the Chinese capital markets, as it opens the door for other foreign firms to tap into the country's growing real estate market. Advertisement
This ambitious move comes in tandem with a decision by CapitaLand to monetize one of its key assets in India. The company is planning to sell a commercial unit in Chennai for an estimated INR 600 crore. The asset in question is a well-known industrial facility that is leased to Pegatron, a major supplier to tech giant Apple. The sale of this asset is part of a broader capital recycling strategy by CapitaLand to unlock value from its existing portfolio and to reallocate funds for other strategic opportunities.
Source: Bloomberg
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
