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April 26, 2015 2:23 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

#04-01 The Galen

Singapore Science Park II

Singapore,  117525


Founded in 2001


65 6774 1033


65 6778 4761

Key Executives for Ascendas Pte, Ltd.

President, Group Chief Executive Officer, and Director
Age: 54
Chief Financial Officer of Group Finance, Executive Vice President of Portfolio Asset & Risk Management and Executive Vice President of Enterprise Risk Management
Age: 54
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: 55
Compensation as of Fiscal Year 2014.

Ascendas Pte, Ltd. Key Developments

Temasek JTC Started Due Diligence For Merger Of Units

Temasek Holdings (Private) Limited and JTC Corporation started conducting due diligence ahead of a planned merger of JTC's Ascendas Pte, Ltd. and JTC Consultancy Services (Holdings) Pte Ltd with Temasek's Surbana International Consultants Pte. Ltd. and Singbridge International Singapore Pte Ltd.

Temasek JTC In Talks For Merger Of Units

Temasek Holdings (Private) Limited is in talks with JTC Corporation. The two companies are in talks to merge four of their real estate and urban planning subsidiaries. The firms said that under the proposed merger, JTC's Ascendas Pte, Ltd. and JTC Consultancy Services (Holdings) Pte Ltd. (JIH) will combine with Temasek's Surbana International Consultants Pte. Ltd. and Singbridge International Singapore Pte Ltd. The statement noted, “The enlarged group, with its complementary synergies and significant scale, will be well-positioned to provide end-to-end solutions for urbanisation needs in Asia and other markets.” According to the news report, the two companies did not state the potential size of the deal. Png Cheong Boon, Chief Executive Officer of JTC said, “The merged group will have the scale, capabilities and resources to participate in the entire urbanisation value chain, deepen its presence in existing markets and develop new ones.” JTC and Temasek will be in exclusive discussions on the specific terms of the merger, the statement said.

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.

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