Summary:
Chennai: Ascendas Property Fund Trustee Pte. Ltd.
the trustee-manager of Ascendas India Trust has announced that it has entered into a forward purchase agreement with Casa Grande Group to acquire its first industrial facility located at Mahindra World City Chennai. It said a-iTrust will also provide funding for the development of the Project as part of the forward purchase arrangement. The project is an industrial facility with a net leasable area of approximately 0.42 million square feet. It is fully pre-leased to Pegatron Technology India Private Limited..