CapitaLand India Data Centre Fund completed the acquisition of a 20.2% stake in three data centres in India from CapitaLand India Trust for SGD99.73m.

CapitaLand India Data Centre Fund, an investment platform, completed the acquisition of a 20.2% stake in three data centres in India from CapitaLand India Trust, a real estate management firm, for SGD99.73m. “The successful first close and investor’s support in CIDCF underscore CLI’s investment and development strategies to shape India's dynamic data centre landscape. India has emerged as a hotspot for data centre investment, driven by cloud adoption, data localisation and the rapid growth of AI-led workloads. The country’s data centre capacity is expected to double by 2027[3]. With three prime assets currently under development and power secured, CIDCF offers an attractive prospect for private capital to participate in this growth opportunity,” Andrew Lim, CapitaLand India Group Chief Operating Officer.