CapitaLand aims to more than double AUM in India to S$7b by 2024
CapitaLand has cited India as a key market, indicating it has plans to double assets under management in the country to S$7 billion by 2024, from S$3.3 billion currently.
CapitaLand sees a growing young workforce, e-commerce, and demand for logistic facilities as reasons to group the company’s assets in with IT Parks, industrial and logistics properties. It will double the size of its holding to 40 million square feet.
The group’s current has 17.4 million sq ft of space across India, with space in Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, and Pune.
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