CapitaLand India Trust to acquire 2.5 million sq ft of IT buildings at HITEC City, Hyderabad

CapitaLand India Trust (CLINT) has partnered with Phoenix Group to acquire two IT buildings in HITEC City, Hyderabad, with a total leasable area of 2.5 million square feet. The acquisition is expected to increase CLINT's earnings and distributions for Unitholders, with a pro forma net profit of around S$4.5 million2 on a stabilised basis
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