Ascendas India Trust Rs10 billion acquisition of BlueRidge 3

8/7/2019
Asset acquisition

Re 10 billion

$ 145.499 million

Announced

8/7/2019


Overview:

  • Property trust Ascendas India Trust has announced the acquisition of IT/ITES special economic zone BlueRidge 3 from Nalanda Shelter and Brickmix Developers for approximately Rs10 billion.
  • This acquisition will increase Ascendas India Trust’s committed portfolio size by 7% to approximately 22 million square feet.

Shah Shameer Ahmed - Researcher

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