This prompted a-iTrust to build – and later acquire when completed – an additional warehouse there.
SINGAPORE (Aug 1): Riding on the fast growing IT and logistics industries in India, Ascendas India Trust (a-iTrust) is expecting rentals in Bangalore and Hyderabad’s IT Corridor I to increase over the next few quarters on the back of sustained demand.
In particular, the trust’s logistic park, Arshiya Free Trade Warehousing Zone (FTWZ) in Panvel, near Mumbai, has faced an increase in demand from existing and prospective tenants.
