CapitaLand India Trust Leases Half Data Centre Capacity to Global Cloud Giant

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AuthorAnanya Iyer|Published at:
CapitaLand India Trust Leases Half Data Centre Capacity to Global Cloud Giant
Overview

CapitaLand India Trust (CLINT) has secured a significant pre-leasing agreement with a global hyperscale cloud provider for its Navi Mumbai data centre project. This move boosts pre-leasing across CLINT's developing data centre portfolio to over half, signaling strong demand for digital infrastructure in India. The trust is also actively managing its portfolio through strategic divestments and capital recycling to focus on higher-yielding opportunities.

CapitaLand India Trust Secures Key Data Centre Pre-Lease

CapitaLand India Trust (CLINT) has advanced its data centre development strategy by securing a long-term lease agreement with a global hyperscale cloud services provider for Tower 2 of its Navi Mumbai facility. This agreement pushes the pre-leasing across its under-development data centre portfolio to more than 50% of the total planned capacity.

Robust Demand for Indian Data Centres

The trust confirmed that over half of the gross power capacity at its three data centres located in Navi Mumbai, Hyderabad, and Chennai is now pre-leased. The CapitaLand DC Mumbai Tower 2 is a high-density facility designed for a 37-megawatt IT load and possesses a gross power capacity of 55 megawatts. Notably, it features one of the region's largest single-tower liquid cooling implementations and achieves excellent power usage effectiveness.

Strategic Portfolio Management

Construction for the Navi Mumbai tower is slated for completion in the fourth quarter of 2026, with progressive handover to the tenant expected in the first half of 2027. Gauri Shankar Nagabhushanam, Chief Executive Officer of CapitaLand India Trust Management, highlighted the trust's success in attracting major technology clients, underscoring confidence in CLINT's India data centre platform. This development aligns with CLINT's ongoing efforts to reshape its data centre holdings through partial divestments, a strategy aimed at capital recycling and value unlocking.

Capital Recycling for Growth

In December 2025, CLINT announced the sale of 20.2% stakes in three data centres under development to CapitaLand India Data Centre Fund. This followed earlier divestments of its CyberVale data centre in Chennai and CyberPearl in Hyderabad in September 2025. Proceeds from these sales are designated for repaying higher-cost debt or reinvesting in income-generating assets. Nagabhushanam stated that this disciplined portfolio reconstitution strengthens asset quality and allows capital to be recycled into higher-yielding investments. The proposed divestment is anticipated by February-end 2026, after which CLINT will retain a 79.8% interest in the data centre portfolio. A joint venture with CIDCF will also grant CLINT participation rights in future data centre opportunities led by the sponsor, CapitaLand Investment, providing strategic flexibility for expansion.

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