CapitaLand India Trust (CLINT) has announced the divestment of CyberVale in Chennai and CyberPearl in Hyderabad, marking its first asset sale since its 2007 listing. The transaction, valued at INR11,031m (approximately S$161.7m), was finalised on 25 September 2025. This strategic move aims to optimise CLINT’s portfolio and enhance financial flexibility, with the assets sold at a 3% premium to their valuations as of 31 December 2024.
CyberVale, located in Mahindra World City, comprises a 0.8 million sq ft IT Special Economic Zone and a 0.2 million sq ft Free Trade Warehousing Zone. CyberPearl, situated in HITEC City, is a 0.4 million sq ft IT Park. The net proceeds from the divestment are expected to be INR10,828m (approximately S$158.8m).
Gauri Shankar Nagabhushanam, CEO of CapitaLand India Trust Management Pte. Ltd., stated, “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.”
Following the divestment, CLINT’s total completed floor area will be 21.2 million sq ft. In Chennai, the portfolio will include International Tech Park Chennai, three industrial facilities, and a data centre under development. In Hyderabad, it will comprise International Tech Park Hyderabad, aVance Hyderabad, and a data centre under development.
This divestment is part of CLINT’s broader strategy to recycle capital into higher-yielding projects and enhance distributions to unitholders, whilst continuing to seek attractive investments for sustainable returns.
