CapitaLand India Trust unlocks S$161.7 million through inaugural divestment of CyberVale and CyberPearl
Divestment optimises portfolio quality and enhances financial agility
25 Sep 2025
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Singapore, 25 September 2025 – CapitaLand India Trust (CLINT) has entered into an agreement today to divest CyberVale in Chennai and CyberPearl in Hyderabad to an unrelated third party for INR11,031 million (approximately S$161.7 million1). This marks CLINT’s first divestment since its listing in 2007 and is a key step in its pro-active portfolio reconstitution efforts to unlock asset value and strengthen financial agility. The two assets will be divested at approximately 3% premium to their independent valuations as at 31 December 2024. The net proceeds from the divestment are expected to be INR10,828 million (approximately S$158.8 million).
CyberVale comprises a ~0.8 million sq ft IT Special Economic Zone and a ~0.2 million sq ft Free Trade Warehousing Zone in Mahindra World City, while CyberPearl is a ~0.4 million sq ft IT Park in HITEC City.
Mr Gauri Shankar Nagabhushanam, Chief Executive Officer of CapitaLand India Trust Management Pte. Ltd. (the Trustee-Manager of CLINT), said:
The successful divestment of CyberVale and CyberPearl marks the commencement of our capital recycling strategy to optimise CLINT’s portfolio and enhance our financial agility. By divesting these two assets, we have the option to utilise the proceeds to strengthen our balance sheet through debt repayment, recycle capital into higher-yielding projects to further grow CLINT’s portfolio, and enhance distributions to unitholders. With our strong financial position, we will continue to seek attractive and accretive investments to deliver sustainable returns to our unitholders.
Impact on portfolio post-divestment
Upon the divestment of CyberVale and CyberPearl, which together have a total area of ~1.4 million sq ft, CLINT’s total completed floor area across its entire portfolio will stand at 21.2 million sq ft. In Chennai, CLINT’s portfolio would comprise International Tech Park Chennai, three industrial facilities, and one data centre under development. In Hyderabad, CLINT’s portfolio would comprise International Tech Park Hyderabad, aVance Hyderabad, and one data centre under development.
Note:
[1] Exchange rate of S$1 = INR68.20
