Forbes.com
25 Apr 2008
SINGAPORE (Thomson Financial) - Southeast Asia's biggest property developer, CapitaLand Ltd., said late Thursday its 49-percent owned unit Loma IT Park Developers Pvt. Ltd. has acquired a 30-acre industrial site in India for 2.3 billion rupees ($57 million) from Indian-listed Standard Industries Limited.
Loma is a wholly-owned subsidiary of Arc-CapitaLand India Pte. Ltd., which is a joint venture between Singapore's CapitaLand and Bahrain-based Arcapita Bank B.S.C.
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