SGX-listed Ascendas India Trust acquiring Hyderabad office asset for $70m

SGX-listed Ascendas India Trust acquiring Hyderabad office asset for $70m

aVance 6 Hyderabad.

Singapore-listed Ascendas India Trust (a-iTrust), the first Indian property trust in Asia, is acquiring another IT SEZ (special economic zone) building at HITEC City, Hyderabad for about S$92 million (about $70 million).