Temasek is principal investor in new Ascendas-Singbridge's India logistics property JV

SINGAPORE (June 6): Ascendas-Singbridge, the urban development and business space solutions provider, has launched Ascendas India Logistics Programme with investment company Temasek as its principal investor.

The commitment of capital for the programme follows the recent establishment of Ascendas-Firstspace, a joint venture between Ascendas-Singbridge and Firstspace Realty, to deliver state-of-the-art logistics and industrial facilities across major warehousing and manufacturing hubs in India.

Tapping on India’s growing logistics sector, the programme will invest in projects in key warehousing and manufacturing hubs in Mumbai, National Capital Region, Pune, Chennai, Bangalore, and Ahmedabad, among others.

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