Capitaland India Trust Divests Cybervale and Cyberpearl for S$161.7 Million, Updates Divestment Plans in Hyderabad and Chennai

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

CapitaLand India Trust (CLINT) has announced the successful divestment of two key IT assets—CyberVale IT SEZ in Chennai and CyberPearl IT Park in Hyderabad—for a combined sale price of S$161.7 million. This marks a significant step in CLINT’s capital recycling strategy aimed at...

Key Highlights:

The divestment involves CLINT relinquishing its 100% interest in CyberPearl Information Technology Park Private Limited and CyberVale IT SEZ, both prime IT properties located in Hyderabad and Chennai, respectively.

This transaction is part of a broader commitment by CLINT to reallocate capital towards higher-yielding and new economy assets such as data centers within India.

The proceeds from this divestment will be used to reduce gearing, which was at 41.5% as of Q1 2025, contributing to a targeted reduction below 40% post-completion.

CLINT continues to hold a portfolio of over 10 IT business parks and four data center developments across major Indian cities including Bangalore, Chennai, Hyderabad, Mumbai, and Pune.

The divestment is complemented by CLINT’s ongoing plans to enhance its asset base through acquisitions and forward purchase agreements, such as a new office project in Bangalore's tech corridor.

Update on Divestment Locations:

Initially, two different asset locations were considered for divestment in Hyderabad and Chennai; however, one location was dropped from the plan before the final divestment.

The final divestment focused exclusively on CyberVale and CyberPearl, underscoring CLINT’s strategic refinement of its portfolio amidst market conditions.

CLINT’s proactive portfolio management and capital recycling initiative are designed to position the trust for sustainable growth in India’s expanding technology and data infrastructure sectors. The trust’s strategy includes leveraging strong leasing networks and diversifying asset classes to drive occupancy and rental growth.

Source: CapitaLand official newsroom, MarketScreener, TipRanks news releases.

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