Ascendas

The facility will be part of an industrial corridor near that has become a major manufacturing cluster

This is a recently-constructed operational warehouse and is being acquired from the Arshiya Group as part of the forward purchase agreement executed in July 2019.

Singapore-based Ascendas India Trust, on Monday said it will invest an estimated Rs 1,200 crore to develop the first phase of its first data centre project in the country

Ascendas India Trust will acquire 1.65 million sq ft area at an IT park in Bengaluru for an estimated deal value of Rs 1,441 crore, according to a statement

It had recently acquired the business units of Temasek Holdings-owned Ascendas Singbridge

Ascendas to acquire two buildings with a combined leasable area in Hitec City

The six warehouses Ascendas will acquire would have a total space of 832,000 sq ft

Principal objective is to own income-producing real estate used primarily as business space in India

Though Ascendas has not disclosed the purchase value, market experts said it could be around Rs 200 cr