Company Overview of Ascendas Pte, Ltd.
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
Founded in 2001
Key Executives for Ascendas Pte, Ltd.
Ascendas Pte, Ltd. does not have any Key Executives recorded.
Ascendas Pte, Ltd. Key Developments
Ascendas Group to Invest $250 Million to Acquire Rights to a Large Upcoming Office Space Project in Bengaluru's Northern Suburb Hebbal
Dec 8 15
Ascendas Group announced that it is likely to invest INR 15,000 million, or $250 million, to acquire rights to a large upcoming office space project in Bengaluru's northern suburb Hebbal. Ascendas has entered into preliminary agreements to acquire a two million sqft green field business park to be developed by CV Ltd. on an 11 acre land on way to the international airport. Ascendas, which owns Bengaluru's earliest tech park ITPB in Whitefield, will be underwriting the Hebbal project and plans to take it over when completed in two phases. Citrus Ventures, the principal shareholders of the development company CV Projects, will effect a demerger of the built-to-suit asset upon completion.
Ascendas To Reportedly Acquire Project In Hebbal
Dec 8 15
Ascendas Pte, Ltd. intends to acquire rights to a large upcoming office space project in Bengaluru's northern suburb Hebbal. Ascendas has entered into preliminary agreements to acquire a two million sqft green field business park to be developed by CV Ltd on an 11 acre land on way to the international airport, two people directly familiar with the matter said. Ascendas is likely to invest INR 15 billion for the acquisition. Ascendas will be underwriting the Hebbal project and plans to take it over when completed in two phases. Citrus Ventures, the principal shareholders of CV Projects, will effect a demerger of the built-to-suit asset upon completion. "In line with our growth strategy in India, we continuously explore new investment opportunities. As a practice, we do not offer comments on market speculation," an Ascendas India spokesperson said. Times of India added that CV Projects and Citrus Ventures could not be reached immediately.
Ascendas Seeks Acquisitions
Nov 23 15
Ascendas Pte, Ltd. is seeking acquisitions. "We are expanding our existing technology parks in Pune, Bangalore and Hyderabad and will also be commencing on the development of a new IT park in Gurgaon. In addition, we arelooking at further development and acquisitionopportunities in the key cities that we are present in," Manohar Khiatani, President and Group Chief Executive Officer of Ascendas said.
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