CapitaLand India Trust (CLINT) has signed a memorandum of understanding (MOU) with the Telangana government to develop a data centre at its International Tech Park Hyderabad (ITPH) asset in Madhapur.

CLINT will leverage CapitaLand Group’s data centre expertise to develop the ITPH data centre which will have a built-up area of approximately 250,000 square feet and 36 megawatts (MW) of power capacity, said the trust on 6 December.

The asset will incorporate the latest technologies in cooling and security, as well as a dedicated gas insulated substation within the site, said the trust.

“Its technologically advanced specifications will allow it to serve hyperscale players and large enterprises in the region”, the trust added.

The project is estimated to cost approximately INR1,200 crores (SGD210 million) to be deployed in the next 3 to 5 years.

“This is CLINT’s second data centre development project in India, following our entry into India’s data centre market by acquisition of a greenfield data centre development site in Navi Mumbai in 2021”, said Sanjeev Dasgupta, the trust’s CEO.

CLINT was last done on the Singapore Exchange at SGD1.15.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.