CapitaLand Investment Limited has announced its acquisition of a 20.2% interest in three data centres in India for S$99.73m. This strategic investment aims to bolster CapitaLand’s presence in the rapidly growing Indian data centre market, which is experiencing increased demand due to digitalisation and data consumption.
The acquisition, facilitated through the CapitaLand India Data Centre Fund, marks a significant expansion for the company in the region. The data centres are expected to enhance CapitaLand’s portfolio by providing robust infrastructure to support the burgeoning digital economy in India.
The investment underscores CapitaLand’s commitment to expanding its data centre footprint in key markets. The company has been actively seeking opportunities to capitalise on the growing need for data storage and processing facilities, driven by the surge in internet usage and cloud computing.
CapitaLand’s decision to invest in these data centres aligns with its strategy to diversify its asset base and tap into high-growth sectors. The acquisition is anticipated to generate substantial returns, given the increasing reliance on digital services across various industries.
This move is part of CapitaLand’s broader plan to strengthen its position in the global data centre market, which is projected to continue its upward trajectory in the coming years. As the demand for data centres rises, CapitaLand is poised to benefit from its strategic investments in this sector.
