CapitaLand Investment (CLI) has appointed Sumit Gera as chief executive officer (CEO), India Business Park, with effect from May 16, 2024.As part of CLI’s leadership succession plans, Gera has assumed the position from Gauri Shankar Nagabhushanam, who has been appointed as CEO (Designate) of CapitaLand India Trust (CLINT).
Gera has been with the CapitaLand Group since March 2016 and has held roles within different business units, including as head of portfolio management for CLINT and head of CLI’s India private funds business. Before joining CLI, he led India and Australia private equity real estate investments at Partners Group AG.
Nagabhushanam will succeed Sanjeev Dasgupta as CEO, CLINT around August 2024. This is to allow for continuity in leadership as they work together in the transition of responsibility, the company said.
Dasgupta in his role as the CEO of CLI India, oversees the growth and management of company’s operations in India across business parks, logistics and data centres.