CapitaLand has acquired a plot of land in Chennai with an aim to build a 55MW data center. CapitaLand India Trust Management Pte. Ltd., as trustee-manager of CapitaLand India Trust announced that through subsidiary Minerva Veritas Data Centre Private Limited CLINT will invest in and develop a greenfield data center project located on a 4.01-acre freehold site in the Ambattur area of Chennai.
The company aims to build out the site in multiple phases. It would create a space for 4,900 racks across 420,000 sq ft and seven stories. The first phase is set to go live by the end of 2025. CLINT said it would be targeting customers such as global technology companies and cloud service providers, as well as large domestic enterprise clients.
This will mark CLINT’s second land acquisition for greenfield data center development in India. The company now has projects in Navi Mumbai, Hyderabad, Chennai, and Bangalore.
The land is being acquired from Godrej Agrovet Limited and Godrej & Boyce Manufacturing Company Limited. Part of the Godrej Group conglomerate, Godrej & Boyce is an engineering company operating in industries such as aerospace, construction, tooling, furniture, and more.
Last year CapitaLand-owned Ascendas India Trust announced plans to build its first data center campus in India. The campus in Airoli, Navi Mumbai, will comprise two buildings; the first building will comprise 325,000 sq ft and is scheduled to be ready by Q2 2024. The 6.6-acre greenfield site will be developed in phases up to 575,000 sq ft (53,400 sqm) and 90MW when fully built up.