CapitaLand India Trust said on Sep, 25 2025 that it has signed an agreement to sell the CyberVale complex in Chennai and the CyberPearl IT park in Hyderabad to an unrelated third party for about 11,031 million Indian rupees, or 161.7 million Singapore dollars.

The transaction is the trust’s first divestment since its 2007 listing and will be executed at roughly a 3% premium to the properties’ independent valuations as at Dec, 31 2024. Net proceeds are expected to be 10,828 million Indian rupees, equivalent to 158.8 million Singapore dollars.

CyberVale consists of around 0.8 million square feet of IT Special Economic Zone space and 0.2 million square feet of Free Trade Warehousing Zone space, while CyberPearl has about 0.4 million square feet of IT park space.

After completion, the trust’s total completed floor area will stand at approximately 21.2 million square feet across India. In Chennai, the remaining portfolio will include International Tech Park Chennai, three industrial facilities and a data centre under development. In Hyderabad, it will retain International Tech Park Hyderabad, aVance Hyderabad and a data centre under development.

CapitaLand India Trust said the sale supports its capital-recycling strategy, giving management the flexibility to repay debt, reinvest in higher-yielding projects or enhance distributions to unitholders.