Ascendas India Trust to buy Hyderabad office building for ₹506 crore
The International Tech Park Bangalore in Bengaluru’s Whitefield area is one of the IT parks set up by Ascendas-Singbridge.
1 min read
Share Via
Read Full Story
BENGALURU: Singapore’s Ascendas India Trust (a-iTrust) on Tuesday said it has entered into a definitive agreement to acquire aVance 6, an IT special economic zone (SEZ) building in Hyderabad’s HITEC City.
a-iTrust is buying the commercial office asset of 639,495 sq ft from real estate firm Phoenix IT Infrastructure India Pvt Ltd. Around 98.3% of aVance 6 is leased to Amazon Development Center (India) Pvt Ltd.