Under terms of the deal, CLINT will provide around $201 million to fund the development, and then take ownership of one of the buildings with a total NLA of one million sq ft. The remaining 0.5 million sq ft will be kept by the landowners.
CapitaLand India Trust has entered into a so-called forward purchase agreement to acquire a one million sq ft IT park in India
The project, at Bangalore’s Outer Ring Road, comprises of two buildings with a total net leasable area of 1.5 million sq ft.
