Singapore – Ascendas Property Fund Trustee Pte. Ltd., the Trustee-Manager of Ascendas India Trust (“a-iTrust”), is pleased to announce that it has entered into a master agreement with Nalanda Shelter Private Limited (“NSPL”) and Brickmix Developers Private Limited (“BDPL”), (collectively are referred to as the “Vendor”) to acquire BlueRidge 3, an IT/ITES special economic zone development with a total net leasable area up to 1.8 million square feet1 located at Hinjewadi, Pune. The Project will be developed in two phases. a-iTrust will also provide project funding as part of the agreement.
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