Capitaland India Trust

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CapitaLand India Trust (CLINT or the Company), previously known as Ascendas India Trust, is a Singapore-constituted business trust only focused on property in India. CLINT owns income-producing real estate in business parks, logistics, industrial facilities, and, most recently, data centers in India. CLINT has been publicly listed on the Singapore Stock Exchange since 2007. CLINT is managed by the Trustee-Manager, a wholly-owned subsidiary of Singapore-listed CapitaLand  Investment (CLI), a leading global real estate investment manager, a part of the CapitaLand Group. CapitaLand is one of Asia’s largest diversified real estate groups, owning and managing real estate assets in several countries. CLINT’s portfolio includes nine world-class information technology (IT) business parks, one logistics park, three industrial facilities and four data Center developments in India, spread across Bangalore, Chennai, Hyderabad, Pune, and Mumbai.The proposed investment by IFC is in the form of a sustainability-linked loan (SLL) of up to SGD 200 million to CLINT. IFC SLL will be earmarked for the Trust’s existing operational IT business parks properties in India, located in Hyderabad (International Tech Park Hyderabad, CyberPearl, aVance Hyderabad), Pune (aVance Pune, International Tech Park Pune-Hinjawadi), Mumbai (Building Q1), Bangalore (International Tech Park Bangalore), and Chennai (International Tech Park Chennai, CyberVale).  Additionally, the Trust has a re-development plan for International Tech Park Hyderabad, and an under-development pipeline in Bangalore (new building in ITPB), and Chennai (new warehousing facility in CyberVale). IT parks have a park population of around 161,000 people, providing workspace for 299 companies within a total area of 19.6 million square feet as of December 31, 2023.  The business parks in India are managed by CapitaLand Services (India) Pte Ltd (the Property Manager), the wholly-owned property management subsidiary of CLI in India.In October 2022, IFC subscribed to another CLI Group Project, to CapitaLand Ascott Trust (CLAS), as a sole subscriber of a sustainability-linked bond (https://disclosures.ifc.org/project-detail/ESRS/46552/ascott-slb).