Brief: Capitaland India Trust To Invest In 2.5 Mln Sq Ft Of IT Buildings At Hitec City, Hyderabad

CapitaLand India Trust

03/05/2024 02:15

May 3 (Reuters) - CapitaLand India Trust  CAPC.SI :
    * TO INVEST IN 2.5 MILLION SQ FT OF IT BUILDINGS AT HITEC
CITY,
HYDERABAD
    * CAPITALAND INDIA TRUST HAS ENTERED INTO A FORWARD PURCHASE
AGREEMENT WITH PHOENIX GROUP
    * PRO FORMA NET PROFIT FROM BUILDINGS IS FORECASTED TO BE
APPROXIMATELY S$4.5 MILLION ON A STABILISED BASIS
    * AS PART OF ARRANGEMENT, CLINT WILL PROVIDE FUNDING OF
INR2.15
BILLION TO REFINANCE EXISTING LOAN, GET INTEREST ON FUNDING
    * PRO FORMA DISTRIBUTION PER UNIT IS EXPECTED TO INCREASE
FROM
6.45 SG CENTS TO 6.47 SG CENTS  FROM ACQUISITION

Further company coverage:  CAPC.SI 

 ((Reuters.Briefs@thomsonreuters.com;))