The Business Times
business-time-50

Ascendas India Trust to buy IT special economic zone property for S$35.2m

google-preferred-sourceAdd BT as a preferred source
Published Mon, Feb 9, 2015 · 01:38 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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.

ascendas india trust

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

In taxing wealth, how far can Singapore push property owners?

In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

Middle East-linked energy supply shocks put Asean Power Grid back in focus

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More