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Ascendas India Trust acquiring two warehouses in Uttar Pradesh

PC Lee
PC Lee2/11/2019 06:29 PM GMT+08  • 2 min read
Ascendas India Trust acquiring two warehouses in Uttar Pradesh
SINGAPORE (Feb 11): The trustee-manager of Ascendas India Trust (a-iTrust) is acquiring two warehouses in a logistics park at Khurja, Uttar Pradesh.
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SINGAPORE (Feb 11): The trustee-manager of Ascendas India Trust (a-iTrust) is acquiring two warehouses in a logistics park at Khurja, Uttar Pradesh.

These are a 190,000sf facility in the Free Trade Warehousing Zone (FTWZ) of a logistics park developed by seller Arshiya and a 120,000sf warehouse located in the Domestic Tariff Area (DTA).

Ascendas Property Fund Trustee said the park is well connected to Greater Noida, about 48 km away, and caters to the major consumption market of the National Capital Region.

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