SEO Version
Exciting growth
Growth strategy
Growth track record
Three-pronged growth strategy
•
Develop vacant land held by a-iTrust.
•
Acquire sponsor assets.
•
Acquire third-party assets.
Develop vacant land held by a-iTrust
•
2.5 million sq ft of potential built-up area in ITPB.
•
Started construction of 0.6 million sq ft multi-tenanted building in its Special
Economic Zone (“SEZ”) with completion expected by December 2013.
•
Remaining 1.9 million sq ft of potential built-up area to be developed in
phases, with timing of construction guided by market demand.
Acquire sponsor assets
•
Right of First Refusal (“ROFR”) from:
• Ascendas India Development Trust (“AIDT”). AIDT focuses on integrated
real estate development and has committed equity of S$500 million
with target investment size of S$1 billion. AIDT possesses 10 million sq ft of
business space development potential in key cities such as Gurgaon,
Chennai and Coimbatore.
• Ascendas Land International Pte Ltd (“ALI”). ALI owns CyberVale, an IT
SEZ in Chennai with 535,000 sq ft of income producing space and 4.4 acres
of land (which can be developed into a 280,000 sq ft building). ALI also owns
International Tech Park Pune, a 2.5 million sq ft development with the frst
phase of 0.5 million sq ft currently under construction.
31-Mar-11
5.9
31-Mar-09
4.8
4.8
IPO
3.6
31-Mar-12
6.9
31-Mar-10
31-Mar-08
4.7
Floor area
(million square feet)
Development
Acquisition
Portfolio
1.1
1.2
3.6
3.6
4.8
5.9
0.5
0.4
4.8
4.7
0.1
14 POSITIONED FOR GROWTH
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