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Ascendas-Firstspace

Ascendas-Firstspace is a joint venture between Ascendas, a member of CapitaLand Limited, and Firstspace Realty, focusing on industrial real estate in India. The platform aims to deploy over USD 300 million in Fund II across 7 major cities, with plans for 20-25 million sq ft of development over 5 years. It has acquired 550 acres of land and has a team of 45 development and execution experts. The company has developed 1.5 million sq ft of revenue-generating space and has 2 operational projects in Chennai, with 12 million sq ft currently under development.