CapitaLand Investment raises S$131 million from Daibiru Corporation for its CIG Fund 2, ET RealEstate

November 8, 2024
1 min read
CapitaLand Investment raises S$131 million from Daibiru Corporation for its CIG Fund 2, ET RealEstate


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NEW DELHI: CapitaLand Investment (CLI), has secured S$131 million capital commitment from Daibiru Corporation, for its India private fund, CapitaLand India Growth Fund 2 (CIGF2).

Daibiru Corporation is a real estate subsidiary of Mitsui O.S.K. Lines in Japan. The capital commitment will increase CIGF2’s FUM to more than S$1 billion.

Daibiru Corporation will hold a 25% effective stake in the S$525 million CIGF2, which invests in Grade A business parks in prime locations across gateway cities in India.

Mitsubishi Estate Co., another Japanese firm, holds a 50% stake in CIGF2. CLI continues to maintain a sponsor stake in the fund as part of its asset-light growth strategy.

Daibiru’s investment in CIGF2 will see the real estate company take a 25% effective stake in International Tech Park Chennai, Radial Road (ITPC-Radial Road).

  • Published On Nov 6, 2024 at 12:30 PM IST

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