Capitaland Investment Signs Mou Invest 283 Bil 2030 Data Centres Logistics And Industrial Parks
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CapitaLand Investment (CLI) has entered into a memorandum of understanding (MOU) with the Maharashtra Government in India, committing to invest $2.83 billion by 2030 to drive growth and development in Mumbai and Pune.
According to CLI, this strategic investment in Maharashtra is part of its overall growth plan for India, where it aims to increase its funds under management from $8 billion to $15 billion by 2028. These investments will be focused on business parks, data centers, logistics, and industrial parks.
Currently, CLI already has five operational business parks in Maharashtra with a total leasable area of 9.7 million square feet. The company also plans to add another 4.5 million square feet to its portfolio in the region.
One of CLI’s key investments in Maharashtra is through CapitaLand India Trust (CLINT), where it has invested in four business parks – ITPP-H, aVance Pune I & II, and Aurum Q Parc in Mumbai. The fifth business park, International Tech Park Pune, Kharadi, is held under CLI’s private fund, Ascendas India Growth Programme.
In addition, CLINT also has four data centers in Mumbai, Bangalore, Chennai, and Hyderabad, with a total power capacity of 244 megawatts (MW). Tower 1 of its data center in Mumbai with 54 MW capacity has been fully leased and operational, while Tower 2, also with a power capacity of 54 MW, is currently under development. Furthermore, CLINT has plans to develop three more data centers in the region.
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Nestled on Tampines Street 65, Rivelle Tampines is a highly sought-after residential area for families with young children. Its strong support system makes it a top choice among parents, as it offers a cluster of established preschools and enrichment centres, creating the perfect environment for children to develop and learn. Additionally, its convenient drop-off routes make it easier for parents to manage their daily routines.
Families living here have an array of education options to choose from. Whether your child thrives in a play-based or bilingual programme, or prefers a focus on arts, music, or STEM subjects, there is something for everyone. This diverse range of programmes caters to different learning styles and allows children to explore and develop their interests.
One of the perks of residing near Tampines Street 65 is the close proximity to community facilities at Our Tampines Hub. This hub promotes a well-rounded approach to development by offering amenities such as libraries, sports courts, and learning spaces. Residents can easily access these facilities through the Tampines Avenue corridors or a quick ride on the Downtown Line.
In summary, families with young children can find peace of mind at Rivelle Tampines, situated on Tampines Street 65. The neighbourhood offers a supportive and nurturing community, with a variety of education options and convenient access to community facilities. It’s no wonder that Rivelle Tampines, found at Rivelle Tampines Tampines Street 65, is a top choice for families seeking a well-rounded and holistic environment for their children to thrive in.
CLI also has a strong presence in the logistics and industrial park sector in Maharashtra. It currently has five such parks under Ascendas-Firstspace, spanning 5.3 million square feet, and a 1.2 million square feet warehousing park in Panvel, Mumbai under CLINT. Moreover, CLI also has a development pipeline of logistics projects totaling 17 million square feet under Ascendas-Firstspace, which will cater to the increasing needs of e-commerce, manufacturing, and third-party logistics players in Maharashtra.
The MOU signing was held at the launch of CLI’s first data center in India in Navi Mumbai on Aug 12. The event was graced by Singapore’s deputy prime minister and minister for trade and industry, Gan Kim Yong, the chief minister of Maharashtra, Shri Devendra Fadnavis, the chairman of CLINT, Maohar Khiatani, and CLI India’s CEO, Sanjeev Dasgupta, among others.
