Ascendas India Trust (a‐iTrust)

The Trust is entitled to a reduction in its interest rate when predetermined sustainability performance targets are met.

The two buildings have a total net leasable area of up to 1.65 million square feet.

The acquisition is said to be accretive to DPU by 0.04 cents.

Tan is also holding the position of non-executive director of SATS Limited.

SINGAPORE (June 25): As retail businesses and F&B outlets have resumed operations in Phase 2 of the reopening of Singapore’s economy, new opportunities in the real estate investment trusts (REITs) sector have appeared.

SINGAPORE (Dec 18): Against an outlook that is “turning less cloudy”, DBS Group Research has advised investors to adopt a “barbell approach” to strike a balanced risk-reward.

SINGAPORE (Nov 19): The trustee-manager of Ascendas India Trust (a-iTrust) has announced a private placement to raise gross proceeds of at least $100.0 million to help fund a potential investment in a business park in Bangalore.

SINGAPORE (Oct 1): Property group CapitaLand plans to grow its assets under management (AUM) in India to $7 billion by 2024 from $3.3 billion at present.

SINGAPORE (July 25): The trustee-manager of Ascendas India Trust (a-iTrust) reported a DPU of 2.05 cents for 1Q19 ended June, 28% higher compared to a year ago.

SINGAPORE (July 16): CapitaLand completed its merger with Ascendas-Singbridge (ASB) on June 30. The group acquired all the shares in two ASB subsidiaries from Temasek for $6 billion, to create the largest diversified property group in Asia.