SG brief: Ascendas India Trust

Casa Grande – Phase 1, an industrial facility located in Chennai, in India. Ascendas India Trust entered a definitive agreement to acquire the project in May 2022. Credit: CapitaLandCasa Grande – Phase 1, an industrial facility located in Chennai, in India. Ascendas India Trust entered a definitive agreement to acquire the project in May 2022. Credit: CapitaLand

Ascendas India Trust said Friday it has completed the acquisition of Chengalpattu Logistics Parks, which involved buying a 420,000 square foot industrial facility at Mahindra World City, in Chennai.

The property is fully leased to a leading international contract electronics manufacturer, Ascendas India Trust said in a filing to SGX.

Read more: Ascendas India Trust to acquire Chennai industrial property