CapitaLand Investment Negotiates Sale of Chennai Tech Park to Mindspace REIT

CapitaLand Investment is reportedly in discussions to sell a technology park project located in Chennai, southern India, to Mindspace Business Parks REIT. Bloomberg posted on X that the negotiations are ongoing, with both parties exploring the potential transaction. The technology park in question is part of CapitaLand's portfolio in India, where the company has been actively involved in real estate development. Mindspace Business Parks REIT, known for its focus on commercial real estate, is considering the acquisition as part of its expansion strategy in the region. The outcome of these talks remains uncertain as both companies continue to evaluate the terms of the deal.