SUBSCRIBERS

Ascendas India Trust to acquire 7th warehouse in India for 2.15b rupees

Fiona Lam

Published Thu, Jul 11, 2019 · 09:50 PM

Singapore

ASCENDAS India Trust (a-iTrust) is planning to finance the construction of an additional warehouse in western India and acquire it upon completion for a total investment of around 2.15 billion Indian rupees (S$42.1 million).

The warehouse is to be located in the Arshiya Free Trade Warehousing Zone (FTWZ) in Panvel near Mumbai in western India, and will have a total leasable area of 325,503 square feet (sq ft), the trustee-manager of the mainboard-listed business trust said on Thursday.

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