Ascendas Reit (CapitaLand): CapitaLand acquires land in India for 90MW data center campus

Nov 15, 2021 | Posted by Abdul-Rahman Oladimeji

Singaporean real estate firm CapitaLand has bought a 6.6-acre land in Navi Mumbai, India, for the development of a data center campus. Earlier in July, the firm first announced that its Ascendas India Trust (a-iTrust) plans to build a 90MW data center in the country. CapitaLand’s Q3 2021 earnings report shows that a-iTrust has acquired the land for the data center for Rs 1.3 billion/S$23.8 million (US$17.6m) last month.

CapitaLand said the company is delighted to have completed a significant milestone that will ensure the development of its first world-class and fully fitted data center campus. It says the facility would be named CapitaLand DC, Navi Mumbai 1. In addition, CapitaLand previously revealed that it would be investing up to R 12 billion ($162.4 million) to develop and operate phase one of the campus. The first building with 325,000 square feet of space is scheduled to be completed in Q2 2024.

Ascendas India Trust

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