Why invest in Ascendas India Trust?

Why invest in Ascendas India Trust?

Ascendas India Trust is a property trust which owns seven IT parks and one logistics park in India with total floor area of 14.4 million sq ft spread across Bangalore, Chennai, Hyderabad, Pune and Mumbai. Ascendas India Trust is focused on capitalising on the fast growing IT and logistics industries in India.

Who is the CEO of Ascott Residence Trust Management Limited?

Ms Beh Siew Kim, Ascott Residence Trust Management Limited’s Chief Executive Officer, and Mr Tan Juay Hiang, Chief Executive Officer of the A-HTRUST Managers, took attendees through the merits of the proposed combination and how the combined entity will create value for unitholders.

When will the new Ascott Reit-business trust start trading on Singapore Exchange?

If the proposed combination of Ascott Reit and A-HTRUST is approved by unitholders at their respective EGMs and Scheme Meetings, the new Ascott Reit-Business Trust stapled units under the combined entity are expected to begin trading on the Singapore Exchange on Thursday, 2 January 2020.

How does the trust scheme of arrangement work for a-htrust?

Pursuant to the trust scheme of arrangement, all the units in A-HTRUST will be unstapled, Ascott Reit will acquire all the unstapled units in A-HTRUST REIT and Ascott BT will acquire all the unstapled units in A-HTRUST BT, and A-HTRUST will then be delisted. 1. Proxy hospitality trust in Asia Pacific

Ascendas India Trust was listed on the Singapore Exchange Securities Trading in August 2007 as the first Indian property trust in Asia. Its principal objective is to own income-producing real estate used primarily as business space in India.

Who owns the Ascendas warehouse?

Ascendas will acquire all of the issued share capital of Anomalous Infra that owns this recently constructed operational warehouse. The acquisition is part of the forward purchase agreement executed in July 2019.

Who is the Ascendas Property Fund trustee?

Ascendas India Trust is managed by Ascendas Property Fund Trustee, which is a wholly-owned subsidiary of Singapore-listed CapitaLand Investment, a leading global real estate investment manager with a strong Asia foothold.

Where is Ascendas-Firstspace Oragadam?

Ascendas-Firstspace Chennai, Oragadam is strategically located in Chennai’s largest and most developed industrial belt. (Picture: CapitaLand)SINGAPORE (EDGEPROP) – On July 7, CapitaLand announced it has launched its second logistics private fund of $400 million (INR 22.5 billion) to expand in India’s logistics sector, one of the largest globally.

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