>

>

>

CLINT makes maiden divestment since 2007 listing, to sell two properties for $161.7 million

The Edge Singapore

/ The Edge Singapore

September 25, 2025 1:43 PM SGT

propertyeditor@edgeprop.sg

propertyeditor@edgeprop.sg

Light

Dark

CyberPearl at Hyderabad, one of the two properties to be sold by CLINT (Photo: CLINT)

CyberPearl at Hyderabad, one of the two properties to be sold by CLINT (Photo: CLINT)

CapitaLand India Trust (CLINT) is divesting two properties CyberVale in Chennai and CyberPearl in Hyderabad for just over 11 billion rupees, or $161.7 million.

CLINT, making its first divestment since listing in 2007, will book net proceeds of some $158.8 million.

These two assets are sold at 3% premium to their independent valuations as at December 31 2024.

Gauri Shankar Nagabhushanam, CEO of CLINT's manager, calls the successful divestment of CyberVale and CyberPearl the commencement of its capital recycling strategy.

Read also: CapitaLand Investment signs MOU to invest $2.83 bil by 2030 into data centres, logistics and industrial parks in India

"By divesting these two assets, we have the option to utilise the proceeds to strengthen our balance sheet through debt repayment, recycle capital into higher-yielding projects to further grow CLINT’s portfolio, and enhance distributions to unitholders.

"With our strong financial position, we will continue to seek attractive and accretive investments to deliver sustainable returns to our unitholders,” he adds.

Upon completion of the sale, CLINT’s portfolio would comprise International Tech Park Chennai, three industrial facilities, and one data centre under development.

In Hyderabad, CLINT’s portfolio would comprise International Tech Park Hyderabad, aVance Hyderabad, and one data centre under development.

CLINT units were changing hands at $1.16 ahead of the lunch break, down 0.85% thus far today but up 7.41% year to date.

Follow Us

Property updates, 24/7.

Subscribe to Newsletter

Market insights, delivered weekly.

Top Articles

1

Freehold residential property on Upper East Coast Road for sale at $14.1 mil

2

Split-level, four-bedroom unit at iconic Pandan Valley condo up for mortgagee sale at $3.6 mil

3

New record high of $2,881 psf at Tembusu Grand condo with sub-sale

4

The Assembly Place, TS Home to repurpose Phoenix Park into Singapore's largest co-living destination

5

Seller rakes in $7.2 mil profit with apartment at Honolulu Tower in District 10

Tags

CapitaLand India Trust Divestment

Search

Our Site

Follow Us

Download EdgeProp App

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00