[ad_1]
New Delhi: L&T Realty, the real estate development arm of Larsen & Toubro, and the Singapore-listed Capitaland India Trust Managementtrustee-manager Capitaland India Trust (CLINT), gave a . A non-binding term sheet is entered for commercial Platform to develop nearly six million square feet of office space Bangalore, Chennai And Mumbai,
Under this platform, L&T will build and develop the office space while Clint will market the office space.
Based on the completion of these developments, CLINT expects most capital commitments for the projects to begin on H2 2024. CLINT will acquire ownership of these properties in a phased manner.
As of June 30, 2022, CLINT has $2.5 billion in assets under management. Its portfolio includes eight IT business parks, a logistics park, an industrial facility and a data center development in India, with a total floor area of 15.5 million square feet spread across Bengaluru, Chennai, Hyderabad, Pune and Mumbai.
[ad_2]
Source link