**CapitaLand Investment Secures S$150 Million for Indian Data Centre Fund**
CapitaLand Investment Ltd, a global leader in real asset management, has successfully raised approximately S$150 million (around $117 million) in equity during the initial closing of its CapitaLand India Data Centre Fund (CIDCF). This move highlights the company’s intensified focus on data centre development opportunities within India. The first closing was primarily supported by a third-party global institutional investor, alongside a commitment from CapitaLand Investment itself. The fund aims for a final closing target of about S$300 million (approximately $234 million).
Following this initial closing, CIDCF is set to acquire a 20.2% stake in three data centre assets from CapitaLand India Trust for S$99.73 million (around $78 million), equivalent to roughly ₹702 crore. This acquisition will provide the fund with access to three significant data centre projects located in Mumbai, Chennai, and Hyderabad. These assets are either operational or in development, boasting a combined gross power capacity of 200 megawatts (MW), with power arrangements secured for all three projects.
According to a report by Macquarie Equity Research in October, India’s data centre capacity is projected to double by 2027, driven by increasing cloud adoption, data localization mandates, and the rise of AI-driven workloads. Andrew Lim, Group Chief Operating Officer at CapitaLand Investment, emphasized that the successful first close reflects strong investor confidence in their data centre strategy in India.
In Mumbai, the fund will invest in CapitaLand DC Mumbai located in Airoli, Navi Mumbai. The first tower is complete, featuring an IT capacity of 34MW and a gross capacity of 50MW, while the second tower is under development, expected to add 37MW of IT load and 55MW of gross capacity. The second asset, CapitaLand DC Chennai, is situated in Ambattur and is also under development, with plans for 34MW of IT capacity and 53MW of gross power capacity. The third project, CapitaLand DC Hyderabad, located in Madhapur, is similarly under development, targeting 27MW of IT capacity and 42MW of gross capacity. Additionally, the fund will have a right of first offer to acquire an interest in CapitaLand India Trust’s fourth data centre asset, CapitaLand DC Bengaluru.
Hardik Gesota, Managing Director and Head of India Private Funds at CapitaLand Investment, noted that CIDCF’s portfolio is strategically located within established data centre corridors, ensuring access to essential power and network connectivity. The three data centres are designed to cater to hyperscalers and large enterprise clients.
CapitaLand Investment currently manages approximately S$8.4 billion (around $6.55 billion) in assets across India, encompassing business parks, logistics, data centres, lodging, and coworking spaces. The company operates in eight Indian cities and oversees 38 assets with a total gross floor area of about 39 million square feet.
**FAQ**
**What is the CapitaLand India Data Centre Fund (CIDCF)?**
The CIDCF is an investment fund launched by CapitaLand Investment focused on developing data centre assets in India, aiming to capitalize on the growing demand for data storage and processing capabilities in the region.
