Ascendas Pte, Ltd., a real estate company, offers business space solutions to corporations, local enterprises, and research organizations in Asia. The company develops, manages, leases, and markets hi-tech, industrial, office and commercial, logistics and distribution, incubator, and built to suit spaces, as well as science, business, and information technology parks. The company also offers real estate services, including development and project management, property and estate management, renovation, consulting, business networking, venture acceleration, and training in real estate management. In addition, it manages listed and private real estate funds. Ascendas Pte, Ltd. has strategic par...
61 Science Park Road
#04-01 The Galen
Singapore Science Park II
Founded in 2001
AVJennings Reportedly Eyeing Devine
Jul 12 14
AVJennings Limited (ASX:AVJ), among others, is a potential suitor for Devine Limited (ASX:DVN), being sold by Leighton Holdings Limited (ASX:LEI). Leighton Holdings is planning to sell $1 billion-plus asset. Sources stated that Daiwa House Industry Co. Ltd. (TSE:1925) and Sekisui House Ltd. (TSE:1928) have been investigating a potential purchase of Devine. The news report mentioned that Ascendas Pte, Ltd. too could be a possible suitor. The potential sale of Leighton Properties is being handled by Bank of America Merrill Lynch.
Ascendas Pte, Ltd. Appoints Jonathan Yap as Assistant Group CEO
Jul 10 14
Ascendas Pte, Ltd. announced the appointment of Jonathan Yap as Assistant Group CEO. Mr. Yap will retain geographical oversight of the Ascendas' India businesses after relinquishing his role as CEO of Ascendas Property Fund Trustee Pte Ltd.
IDFC Reportedly Plans To Divest IT Parks
Jul 1 14
IDFC Limited (BSE:532659) intends to divest two IT parks for a about INR 1.1 billion. Sources indicated that bidder looking at acquiring the properties are GIC Pte. Ltd., RMZ Corp. Holdings Private Limited, Ascendas Pte, Ltd. along with The Blackstone Group, Private Equity Group the front-runner. IDFC has deferred plans to form a rental yield fund due to subdued market conditions. This perhaps is one of the reasons for divestiture of the IT assets by IDFC, sources added.