CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Casa Grande Group to acquire three industrial facilities at OneHub Chennai, India. The deal includes CLINT's partial funding for the lease of the project land and total funding for the development of the project. As part of the forward purchase arrangement, the fund will provide funding in three phases and subsequently acquire the facilities upon completion of each phase's construction. The acquisition of Phase 1 is expected to be completed by the first half of 2025.
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