On the shoulders of India's booming IT sector
Ascendas India Trust aims to expand its portfolio of IT business parks and grow its footprint to three more cities, says CEO of its trustee-manager.
AS different property sub-sectors in Singapore grapple with supply and operational challenges, this may reignite interest in property trusts holding foreign assets, Sanjeev Dasgupta, CEO of the trustee-manager of Ascendas India Trust (a-iTrust) believes.
In a recent interview with The Business Times, he acknowledged that Reits (real estate investment trusts) with predominantly Singapore exposure have delivered very strong returns over the last five years: "Maybe (Singapore-focused Reits) are getting into a little bit of a soft touch now, (but) the yields have been good and the share price appreciation has been significant," he says.
"Obviously foreign markets have their own dynamics and sometimes investors may not be as well-informed about the economic conditions in those markets, so to that extent, I would say they prefer Reits with pure Singapore assets. Having said that, I think if the markets in Singapore are slowing down, investors who are lo…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Inside TSMC chairman Mark Liu's short but impactful reign
CSE Global bags US$36.5 million data centre contract extension
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake