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Singapore’s Ascendas Property Fund Trustee Pte. Ltd, the trustee-manager of Ascendas India Trust (a-iTrust), will build data centres in India and invest around INR 1,200 crore (USD 161 million) to develop phase one of its first data centre campus in the country.
The 6.6-acre greenfield site at Airoli will be developed in phases into a fully-fitted data centre campus with a total potential built-up area of up to 575,000 sq. ft and 90 MW of power to host customers such as global technology players and cloud service providers, as well as large domestic enterprise clients
Ascendas Property Fund Trustee to invest $217 million in new data centre in Navi Mumbai
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Ascendas India Trust to set up data centre in India with ₹1,200-crore investment
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Apr 17, 2021
Mr. Sanjeev Dasgupta, Chief Executive Officer said, “a-iTrust considers sustainability as a key driver of its value creation strategy. This is implemented through various initiatives towards the environmental and social well-being of the communities where it operates.
Securing the Trust’s maiden sustainability-linked loan facility is testament to the Trust’s effort in minimising its environmental footprint. The Trust is committed to continuously increase the proportion of its properties which are certified “Gold” or “Platinum”, amidst the Trust’s plans to grow its portfolio. In doing so, it is also able to achieve a lower cost of borrowing for the Trust. This is also in line with CapitaLand Group’s overall green building rating targets of achieving green certifications for all new and existing buildings in its portfolio by 2030.”