The total construction funding is expected not to exceed INR 700 million ($13.7 million), while the total consideration for the transaction is estimated at INR 2.1 billion ($42.1 million).
SINGAPORE (July 11): The trustee-manager of Ascendas India Trust (a-iTrust) has entered into a construction funding and forward purchase agreement with a subsidiary of Arshiya, to develop an additional warehouse at the Arshiya Free Trade Warehousing Zone (FTWZ) in Panvel.
The warehouse has a total leasable area of 325,503 sq ft and will be acquired by a-iTrust upon completion and leasing.
