By siliconindia | Wednesday, 14 April 2021, 09:53 Hrs Ascendas Property Fund Trustee, a Trustee-Manager of Ascendas India Trust has announced that it has successfully secured a five-year S$100 million unsecured sustainability-linked loan facility from UOB. Sanjeev Dasgupta, Chief Executive Officer says, “a-iTrust considers sustainability as a key driver of its value creation strategy. This is implemented through various initiatives towards the environmental and social well-being of the communities where it operates. Securing the Trust’s maiden sustainability-linked loan facility is testament to the Trust’s effort in minimising its environmental footprint. The Trust is committed to continuously increase the proportion of its properties which are certified “Gold” or “Platinum”, amidst the Trust’s plans to grow its portfolio. In doing so, it is also able to achieve a lower cost of borrowing for the Trust. This is also in l
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Certain defined terms This document comprises the Annual Report and Accounts 2020 for The Hongkong and Shanghai Banking Corporation Limited ( the Bank ) and its subsidiaries (together the group ). References to HSBC , the Group or the HSBC Group within this document mean HSBC Holdings plc together with its subsidiaries. Within this document the Hong Kong Special Administrative Region of the People s Republic of China is referred to as Hong Kong . The abbreviations HK$m and HK$bn represent millions and billions (thousands of millions) of Hong Kong dollars respectively. Cautionary statement regarding forward-looking statements This Annual Report and Accounts contains certain forward-looking statements with respect to the financial condition, results of operations and business of the group.
By Florence Chong2021-03-05T13:55:00+00:00
Ascendas India Trust has entered a forward-purchase agreement with India’s Casa Grande to acquire its first industrial facility at Mahindra World City, in the Indian city of Chennai.
The trust is buying the first phase of the project for about INR2.12bn (€24m) in a forward-purchase arrangement and has also taken an option to acquire all shares in the entity developing phase 2 of the project.
Phase 1, which offers a net leasable area of approximately 420,000sqft, is fully pre-leased to Pegatron Technology India Private.
“The proposed acquisition will add exposure to the industrial asset class and diversify our portfolio, said Sanjeev Dasgupta, chief executive officer of Ascendas Property Fund Trustee.
Ascendas India Trust to buy Casa Grande’s project
March 05, 2021
The industrial facility near Chennai is likely to be completed by middle of this year
Ascendas Property Fund Trustee Pte. Ltd, the Trustee-Manager of Ascendas India Trust a-(a-iTrust), has entered into a forward purchase agreement to acquire an under-construction industrial project from Casa Grande Group located at Mahindra World City, Chennai.
Construction of the industrial facility is expected to be completed by mid-2021.
The facility has a net leasable area of about 0.42 million square feet. The facility is fully pre-leased to Pegatron Technology India P Ltd, a wholly-owned subsidiary of Pegatron Corporation. Pegatron Corporation is a listed Taiwanese contract electronics manufacturer, according to a statement.