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Ascendas India Trust to invest in additional industrial facilities at Mahindra World City, Chennai

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This is in addition to the earlier forward purchase transaction announced on 5 March 2021 for a 0.42 million square feet fully leased industrial facility (Casa Grande – Phase 1) within the same micro-market
Ascendas Property Fund Trustee Pte. Ltd., the Trustee-Manager of Ascendas India Trust (“a-iTrust”) has recently announced that it has entered into a forward purchase agreement with the Casa Grande Group (the “Transaction”) to acquire two industrial assets (“Casa Grande – Phase 2” or the “Phase 2 Project”) located at Mahindra World City, Chennai. a-iTrust will also provide funding for the development of the Phase 2 Project as part of the forward purchase arrangement.

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