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

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.

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