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August 02, 2015 6:42 AM ET

Capital Markets

Company Overview of Ascendas Pte, Ltd.

Company Overview

Ascendas Pte, Ltd., a real estate company, offers business space solutions to corporations, local enterprises, and research organizations in Asia. The company develops, manages, leases, and markets hi-tech, industrial, office and commercial, logistics and distribution, incubator, and built to suit spaces, as well as science, business, and information technology parks. The company also offers real estate services, including development and project management, property and estate management, renovation, consulting, business networking, venture acceleration, and training in real estate management. In addition, it manages listed and private real estate funds. Ascendas Pte, Ltd. has strategic par...

61 Science Park Road

No 04-01 The Galen

Singapore Science Park II

Singapore,  117525


Founded in 2001


65 6774 1033


65 6774 9852

Key Executives for Ascendas Pte, Ltd.

President, Group Chief Executive Officer, and Director
Age: 55
Chief Financial Officer of Group Finance, Executive Vice President of Portfolio Asset & Risk Management and Executive Vice President of Enterprise Risk Management
Age: 55
Executive Vice President of Real Estate Development & Investment and Chief Executive Officer of Ascendas South East Asia
Executive Vice President of Real Estate Funds and Chief Executive Officer of Ascendas Property Fund Trustee
Chief Executive Officer of Ascendas Funds Management Singapore Pte Ltd
Age: 56
Compensation as of Fiscal Year 2015.

Ascendas Pte, Ltd. Key Developments

Ascendas Announces Joint Venture with PT Metropolitan Karyadeka Development

Ascendas Group has made its stride in Indonesia, where it is jointly developing a mixed-use project in Tangerang, Greater Jakarta with a local player. Under a joint venture agreement inked with PT Metropolitan Karyadeka Development (MKD), the two companies will hold equal stakes in a 9.7 hectare project to be developed over four phases within Metland Cyber City. Construction of phase one spanning 1.3 hectares of land is expected to begin next year, with an estimated development cost of SGD 300 million. It will be a mix of residential apartments, offices and supporting amenities covering a total gross floor area of about 130,000 square metres.

AVJennings Reportedly Eyeing Devine

AVJennings Limited (ASX:AVJ), among others, is a potential suitor for Devine Limited (ASX:DVN), being sold by Leighton Holdings Limited (ASX:LEI). Leighton Holdings is planning to sell $1 billion-plus asset. Sources stated that Daiwa House Industry Co. Ltd. (TSE:1925) and Sekisui House Ltd. (TSE:1928) have been investigating a potential purchase of Devine. The news report mentioned that Ascendas Pte, Ltd. too could be a possible suitor. The potential sale of Leighton Properties is being handled by Bank of America Merrill Lynch.

Ascendas Pte, Ltd. Appoints Jonathan Yap as Assistant Group CEO

Ascendas Pte, Ltd. announced the appointment of Jonathan Yap as Assistant Group CEO. Mr. Yap will retain geographical oversight of the Ascendas' India businesses after relinquishing his role as CEO of Ascendas Property Fund Trustee Pte Ltd.

Recent Private Companies Transactions

February 16, 2015
February 9, 2015
Ascendas IT SEZ (Chennai) Private Limited

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