Tata Realty and Tabreed Announce First Alliance for CaaS Transaction

01 Jun 2023 CW Team

Tata Realty and Tabreed, a leading global cooling solutions provider, have announced their first alliance for a Cooling as a Service (CaaS) transaction in India. The deal, which is expected to be completed in the coming months, will see Tabreed acquire Intellion Park's existing cooling infrastructure and undertake Greenfield expansion to increase cooling capacity.

The CaaS model allows real estate developers to outsource the operation and maintenance of their cooling systems to a third-party provider. This can help to reduce costs, improve efficiency, and free up resources to focus on other aspects of the business.

Tata Realty is a leading real estate developer in India with a strong focus on sustainability. The company has set a target of achieving net-zero carbon emissions by 2050. The CaaS transaction with Tabreed is a significant step towards achieving this goal.

The deal is also expected to benefit Tabreed, which is looking to expand its presence in India. The company currently operates in 13 countries and has a cooling capacity of over 20 million tons of refrigeration.

The CaaS transaction is a win-win for both Tata Realty and Tabreed. It is a sign of the growing importance of sustainability in the real estate sector and the increasing demand for innovative cooling solutions.

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