CapitaLand India Trust Unlocks Rs 1,103 Crore Through Inaugural Divestment of CyberVale and CyberPearl

CapitaLand India Trust (CLINT) has completed its first ever asset divestment since being listed in 2007, unlocking Rs 1,103 crore through the sale of two commercial properties, CyberVale in Chennai and CyberPearl in Hyderabad. This transaction marks a major milestone in the trust’s strategy of recycling capital and strengthening its financial flexibility.

The divestment was concluded at a value of Rs 1,103 crore which is about three percent higher than the independent valuations recorded as of December 2024. After deducting transaction costs, the net proceeds are expected to be around Rs 1,083 crore. According to the management, these funds can be used to reduce existing debt, support future investments, or be distributed to unitholders, depending on strategic priorities.

CyberVale, located within Mahindra World City in Chennai, comprises nearly 0.8 million square feet of IT Special Economic Zone space and an additional 0.2 million square feet of Free Trade Warehousing facilities. CyberPearl in HITEC City, Hyderabad, offers about 0.4 million square feet of modern office space, catering primarily to IT and technology companies.

Following this divestment, CLINT’s completed floor area will stand at approximately 21.2 million square feet. The trust continues to hold a diverse portfolio of IT parks, industrial facilities, and data centres across India’s top cities including Chennai, Hyderabad, Bengaluru, Pune, and Mumbai. As of mid-2025, the total assets under management of CLINT are valued at around Rs 30,650 crore.

For investors, this deal signals a strong commitment to active portfolio management. By unlocking value from mature assets and achieving a premium over valuations, CLINT has demonstrated disciplined execution and a clear growth-focused approach. The flexible redeployment of proceeds enhances confidence that the trust will be able to deliver sustainable returns, reduce leverage, and explore new opportunities in India’s fast-growing commercial real estate sector.

This inaugural divestment is not only a financial transaction but also a strategic move that highlights CLINT’s agility in reshaping its portfolio to capture long-term growth potential.