The fund manager has acquired the asset for its Ascendas India Trust. :
Singapore’s Ascendas-Singbridge has entered into an agreement to pre-purchase two office buildings in the Indian city of Mumbai for around INR9.3bn (€115.6m). The fund manager has acquired the asset for its Ascendas India Trust, which first invested in India more than a decade ago. Ascendas-Singbridge, which is majority-owned by state-owned Temasek, said that it will acquire the two buildings, which offer 1.4m sqft in the AURUM IT Special Economic Zone, located in Navi Mumbai.