Singapore's CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek in a deal valued at S$11 billion that the developer said will create the largest diversified property group in Asia. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and...
Ascendas Group has entered into a joint venture agreement with China's state-owned industrial and trading enterprise, China Machinery Engineering Corporation (CMEC), for strategic collaboration in industrial/business park investments and developments across Asia. Under the joint venture, the two companies will jointly explore opportunities in key Asian countries under China's One Belt One Road...
Industrial landlord Ascendas Real Estate Investment Trust (A-REIT) is set to acquire 26 logistics properties in Australia for A$1.013 billion (S$1.013 billion) in a move to diversify geographically, its manager Ascendas Funds Management announced on Friday (Sep 18). This will be subject to post-completion adjustments, with the money payable to the real estate arm of GIC and Frasers Property Australia...
A proposed merger of four urban solutions firms under industrial landlord JTC Corporation and investment company Temasek will go ahead - and is expected to be completed by June 2015. The tie-up between Ascendas, Singbridge Group, Jurong International and Surbana International Consultants will create an integrated platform for sustainable urban development to pursue large-scale and complex projects...
Leading business space solutions provider Ascendas Land (Singapore) and Mitsui & Co on Monday held a ground breaking ceremony for Fusionopolis Phase 5 at one-north. Projected to cost approximately S$370 million, Fusionopolis Phase 5 comprises a 17-storey building with approximately 59,300 square metres of business space and 5,500 square metres of retail space. The development also includes a separate...
Ascendas Land International Pte Ltd, a Singapore government-linked company, has set up a joint venture with Malaysia's UEM Land Berhad to develop an integrated eco-friendly tech park in Nusajaya. Nusajaya is one of the five flagship zones in Johor's Iskandar Malaysia. The integrated tech park will be located at Gerbang Nusajaya within the Nusajaya regional city. Ascendas and UEM Land will hold 60...
Singapore is set to see the launch of its largest initial public offering (IPO) for the year, with Ascendas Hospitality Trust lodging its preliminary prospectus with the Monetary Authority of Singapore (MAS) to list on the SGX Mainboard. The trust, which comprises a real estate investment trust and a business trust, plans to sell between 506 million and 530 million stapled securities in its IPO to raise...
A developer of business space, Ascendas, is helping to spread the "green message" with an eco-friendly office. It is showcasing its newly-renovated office at the Singapore Science Park as a next-generation office during its very own Green Month. The premises in The Galen have an open concept to tap maximum daylight, which in turn helps to save energy. Chief Development Planning Officer of Ascendas,...
Property developer Ascendas Group has said it is looking at listing a new fund, but is still weighing all options before it makes a decision. This came in response to a report by South China Morning Post about its plans to list a yuan-denominated real estate investment trust (REIT) of its China property assets in Hong Kong. The move is said to be in line with the growing interest in renminbi products and...
Ascendas, the Singapore-based provider of business space, will partner a Japanese consortium led by Mizuho Corporate Bank and JGC Corporation, to develop a world-class integrated township in Chennai, India. Ascendas said it has signed a memorandum of understanding (MOU) with the Japanese consortium for the project. The project will feature eco-friendly infrastructure for industrial, business, commercial,...
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