Ascendas India Trust to buy IT special economic zone property for S$35.2m
Published Mon, Feb 9, 2015 · 01:38 PM
THE trustee-manager of Ascendas India Trust on Monday said it plans to acquire CyberVale from its sponsor Ascendas Group for about S$35.2 million.
CyberVale is an IT special economic zone with about 600,000 square feet (sq ft) of built-up area. The property comprises two operational buildings and vacant land that can yield an approximately 400,000 sq ft IT building.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won