NEW DELHI: CapitaLand India Trust (CLINT) has accomplished the acquisition of Building Q2, a 0.82 million sq ft multi-tenanted IT Non-SEZ workplace constructing at Aurum Q Parc enterprise park in Navi Mumbai, for a purchase order consideration of roughly Rs 6.76 billion (S$ 108.99 million).

Moreover, a sum of roughly Rs 0.30 billion (S$ 4.81 million) is predicted to be paid as deferred consideration, topic to the achievement of pre-agreed enterprise milestones by Aurum Ventures.

Constructing Q2 has been absolutely leased to firms akin to Mizuho Financial institution, DP World, ICICI Financial institution, Axis Securities, John Cockerill, ideaForge Expertise and Shriram Finance.

The acquisition of Building Q1, an IT SEZ constructing, was accomplished on November 23, 2021 and has a dedicated occupancy of 94%. Collectively, Constructing Q1 and Constructing Q2 add a complete of 1.47 million sq ft to CLINT’s portfolio.

With the acquisition of Constructing Q2, the full accomplished ground space of CLINT’s whole portfolio has elevated by about 4% to succeed in roughly 21.8 million sq ft.