A s s e t p o r t f o l i o
1
One 99-year lease term renewable for further 99-year as provided in the lease deed.
2
One 33-year lease term renewable for further 33-year lease terms at the Trust’s option at nominal rates.
3
Remaining 7.2% owned by Karnataka Industrial Area Development Board.
4
Remaining 11.0% owned by Tamil Nadu Industrial Development Corporation Limited.
Property
International Tech Park
Bangalore
International Tech Park
Chennai
CyberVale
City
Bangalore
Chennai
Chennai
Site Area (acres)
68.5
15.0
13.9
Land Tenure
Freehold
Freehold
99 years
1
Stake
92.8%
3
89.0%
4
100.0%
Floor Area Owned by a-iTrust
(million sq ft)
3.4
2.0
0.6
Number of Buildings
9
3
2
Park Population
35,600
21,050
6,600
Development Potential
of Land Bank
(million sq ft)
2.86
–
0.37
Committed Occupancy
93%
100%
100%
Purchase Price
(₹
million)
(S$ million)
5
13,670
478.5
5,533
193.7
1,651
35.9
March 2014 Valuation
(₹
million)
(S$ million)
6
20,318
424.6
10,740
224.5
–
–
March 2015 Valuation
(₹
million)
(S$ million)
7
20,671
456.8
11,809
261.0
1,653
36.5
ASCENDAS india trust ANNUAL REPORT 2014/15
