CapitaLand India Trust Management Pte. Ltd., the Trustee-Manager of CapitaLand India Trust (CLINT), is acquiring a 4.01-acre freehold site in Ambattur, Chennai for INR 832.8 mn (approximately S$14.1 mn) to develop its third data centre in India. CLINT will invest an estimated total amount of INR19.4 bn (approximately S$328.8 mn) to acquire the site and develop a state-of-the-art data centre in phases over the next four to five years.
The data centre will have a power capacity of 55 megawatts (MW) to host customers such as global technology giants and cloud service providers, as well as large domestic enterprise clients. The acquisition of the site is expected to be completed by December 2022. The data centre is scheduled to be completed by end-2025.
CLINT's acquisition of this Chennai site follows its recent Memorandum of Understanding with the Telangana Government to develop a data centre in its International Tech Park Hyderabad. Construction of its data centre in Navi Mumbai and International Tech Park Hyderabad is expected to commence in 1Q 2023. Construction of its data centre in International Tech Park Bangalore is slated to begin in 4Q 2023. When fully developed, the four state-of-the-art data centres will deliver a total of 251 MW of power.
The acquisition and development of the data centre in Chennai will increase CLINT's total portfolio size (inclusive of the committed investment pipeline) by 1.7% from approximately 25.3 mn sq ft7 to approximately 25.7 mn sq ft.
