XBER Exchange | SG Country |
CapitaLand India Trust (CLINT), established as the first Indian property trust in Asia, was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007. With a primary focus on owning income-producing real estate used mainly as business space in India, CLINT has grown to manage assets worth S$3.0 billion as of 31 December 2023. The trust aims to develop and acquire land or uncompleted developments with the intention to hold the properties upon completion, specifically for business space usage. Operated by CapitaLand India Trust Management Pte. Ltd., a wholly-owned subsidiary of the Singapore-listed CapitaLand Investment Limited, CLINT emphasizes creating stable income distributions similar to those provided by a real estate investment trust (REIT). It seeks to enhance shareholder value through the active management of its properties, development of vacant land, and acquisition of new properties. CapitaLand Investment Limited is a leading global real estate investment manager with a significant presence in Asia, positioning CLINT to capitalize on the fast-growing sectors within the Indian economy.