First Entry into Data Center Projects in the Republic of India

Key Points of This Release

First participation in data center projects in three major data center hub cities in the Republic of India (Mumbai, Chennai, and Hyderabad).

Participation through 'CapitaLand India Data Centre Fund,' a private fund specializing in India's data center sector, formed and managed by 'CapitaLand Investment Limited,' a world-leading real asset manager with a strong business foundation primarily in Asia.

Investment in a data center portfolio with a total power generation capacity of approximately 200MW in India's rapidly growing data center market.

Mitsui Fudosan Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Shun Ueda; hereinafter, 'Mitsui Fudosan'), through Mitsui Fudosan Asia Pte. Ltd. (Location: Singapore), has participated in data center projects with a total power generation capacity of approximately 200MW in the three Indian cities of Mumbai, Chennai, and Hyderabad.

This project marks the Mitsui Fudosan Group's first investment in data centers in the Republic of India, participating through an investment in the CapitaLand India Data Centre Fund. This fund is formed and managed by CapitaLand Investment Limited (hereinafter, 'CLI'), one of the world's leading real estate asset managers with a strong foundation primarily in Asia. The fund focuses on developing data centers in key data center concentrated areas of the Republic of India, equipped with sufficient power supply and network connectivity.

Against the backdrop of rapid economic growth, population increase, advancement of digitalization, and expansion of cloud services and AI utilization, the Republic of India is a promising market where mid-to-long-term growth in data center demand is expected. Particularly in major metropolitan areas where populations and businesses are concentrated, demand for large-scale and highly reliable data centers is expanding rapidly.

This project plans to develop data centers located in Mumbai, Chennai, and Hyderabad, all strategically positioned where demand from major IT companies and cloud providers is anticipated.

CLI has been operating in the Republic of India for over 30 years, accumulating extensive local market knowledge. It also has a track record of global investments in data center businesses and possesses integrated expertise from planning and development to operation. Mitsui Fudosan, through its participation in this project, aims to build a foundation for its data center business in the rapidly growing Republic of India and will continue to explore ongoing business opportunities.

(Provisional Name) CapitaLand DC Mumbai Exterior Image (Provisional Name) CapitaLand DC Chennai Exterior Image (Provisional Name) CapitaLand DC Hyderabad Exterior Image

About the Locations

Mumbai (Maharashtra State, Navi Mumbai/Airoli): The Mumbai metropolitan area is India's largest economic and financial hub, accounting for more than half of India's data center stock. The Airoli area in Navi Mumbai, where this property is located, offers excellent accessibility to the city center and is equipped with power and communication infrastructure, leading to a recent concentration of data center-related facilities.

Chennai (Tamil Nadu State, Ambattur): Chennai is a leading industrial city in South India and boasts the second largest number of submarine cable landing stations in India, after Mumbai. The Ambattur area, where this property is located, is an industrial and data center-related facility cluster west of the city center. It is attracting attention as a data center location supporting IT demand within the city and across a wide area of South India.

Hyderabad (Telangana State, Madhapur): Hyderabad is one of India's leading IT hub cities, and the Madhapur area is a cluster of IT and business parks in the western part of the city. This property is a rare data center located within an area where the latest offices of financial and IT companies are concentrated, and stable demand is expected.

Property Overview

Provisional Name: CapitaLand DC Mumbai / CapitaLand DC Chennai / CapitaLand DC Hyderabad

Location: Navi Mumbai, Maharashtra State / Chennai, Tamil Nadu State / Hyderabad, Telangana State

Property Size: 2 buildings / 1 building / 1 building

Schedule: Tower1: Structure completed, Tower2: Under development / Under development / Under development

Power Capacity (Gross): Tower1: 50 MW, Tower2: 55 MW / 53 MW / 42 MW