CapitaLand India Trust to acquire 2.5 million sq ft of IT buildings at HITEC City, Hyderabad

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CapitaLand India Trust (CLINT) has partnered with Phoenix Group to acquire two IT buildings in HITEC City, Hyderabad, with a total leasable area of 2.5 million square feet. The acquisition is expected to increase CLINT’s earnings and distributions for Unitholders, with a pro forma net profit of around S$4.5 million2 on a stabilised basis

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CapitaLand India Trust to acquire 2.5 million sq ft of IT buildings at HITEC City, Hyderabad

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