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Ascendas-Singbridge and GIC acquire 16-acre site in Pune

PC Lee Published on Wed, Aug 23, 2017 / 2:39 PM GMT+8

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INDIA/SINGAPORE (Aug 23): Ascendas-Singbridge Group, the urban development and business space solutions provider, and GIC, Singapore’s sovereign wealth fund, has acquired a 16-acre land parcel in Pune, India.

This acquisition is the second investment under the Ascendas India Growth Programme (AIGP), in which GIC is a principal investor along with Ascendas-Singbridge.

Established in 2013, the AIGP has a target asset size of $600 million. Its first investment was in the International Tech Park Gurgaon.

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