CapitaLand to sell Chennai unit leased to Apple vendor
Representative image created by AI NEW DELHI: CapitaLand, based in Singapore, is in the process of divesting an industrial unit in Chennai, currently leased to Pegatron, a major Apple supplier, as confirmed by sources familiar with the situation. The 750,000 sq ft asset is anticipated to secure around ₹600 crore, with Brookfield, Hines, and Hillhouse Capital among the bidders selected. CapitaLand is currently seeking board approval for a new round of bidding. “The property is on a long-term lease and is highly valuable due to the manufacturing of Apple products there. The CapitaLand board is reviewing the bidding process following…