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New CEO for Ascendas India

Mr Thomas Teo replaces Mr Lim Sin Tiow who assumes new appointment at HQ

Announcement  |  Corporate 

Ascendas, Asia’s leading business space solutions provider, is pleased to announce the appointment of Mr Thomas TEO as Chief Executive Officer of Ascendas India, effective April 1 2011. Mr Teo takes over from Mr Lim Sin Tiow, who will be moving back to Ascendas Group’s Singapore office to assume the role of EVP, Real Estate Services.

India is one of the key markets for Ascendas and has grown significantly both in terms of expansion within the existing IT Parks as well as increasing its footprints in the country. Currently Ascendas have eight projects spread across 6 cities. Ascendas is poised to further increase its footprint in India which will provide customers even more high quality business space options for expanding into more cities.

Mr. Teo has been associated with Ascendas for over 15 years at various senior leadership roles managing Ascendas' portfolio of properties in Singapore.

He has over 20 years of working experience in companies including DBS Land and OCBC Property Services. Thomas holds a Master of Science degree in Construction Management from the University of Bath, UK.

Mr. Lim Sin Tiow will still be associated with Ascendas India operations as Board member for various Ascendas properties in India.

Profile of Mr Thomas Teo, CEO Ascendas India Operations

Mr Thomas Teo is responsible for development & project management, asset management, property & facilities management as well as lease and customer service management of Ascendas' Singapore properties. He also manages Ascendas' portfolio of properties in Singapore including the Singapore Science Park and hi-tech and industrial parks across the island.

Mr Teo was previously the Senior Vice President, Development & Project Management of Ascendas, responsible for the Singapore property portfolio. He has over 20 years of working experience in companies including DBS Land and OCBC Property Services. He joined Technology Parks in 1996 as Senior Manager to head the Project Management division.

Mr Teo holds a Master of Science degree in Construction Management from the University of Bath.

Mr Teo is based out of the Ascendas India HQ in Bangalore.

Ascendas India, the sub-continental arm of Ascendas Pte Ltd develops IT Parks/ SEZs, Built-to-Suit and Ready-Built Facilities. Starting with the landmark International Tech Park Bangalore (ITPB), Ascendas has since followed on its success with CyberPearl and The V in Hyderabad, and International Tech Park and CyberVale in Chennai. Ascendas is developing International Tech Park in Pune (ITPP) and Ascendas OneHub Gurgaon (AOG), an integrated IT SEZ in Gurgaon.

In June 2007, Ascendas launched the Ascendas India Development Trust (AIDT), a private real estate fund focusing on integrated property development projects. In August 2007, the Ascendas India Trust (a-iTrust) was launched as Singapore’s first listed Indian property trust

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First Published: Wed, March 30 2011. 19:32 IST