July 23, 2014 12:24 PM ET

Capital Markets

Company Overview of Ascendas Pte, Ltd.

Company Overview

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

Singapore,  117525

Singapore

Founded in 2001

Phone:

65 6774 1033

Fax:

65 6778 4761

Key Executives for Ascendas Pte, Ltd.

President
Age: 54
Chief Financial Officer of Group Finance
Age: 54
Executive Vice President of Real Estate Development & Investment and Chief Executive Officer of Ascendas South East Asia
Executive Vice President of Real Estate Funds and Chief Executive Officer of Ascendas Property Fund Trustee
Chief Executive Officer of Ascendas Funds Management Singapore Pte Ltd
Age: 55
Compensation as of Fiscal Year 2014.

Ascendas Pte, Ltd. Key Developments

AVJennings Reportedly Eyeing Devine

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

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

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.

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