Ascendas India Trust has, through its wholly-owned subsidiaries Ascendas Property Fund (India) and Ascendas Property Fund, have entered into a securities purchase agreement and share purchase agreement to acquire aVance 6 at HITEC City, Hyderabad, India.

The agreements were entered into with the shareholders of Phoenix IT Infrastructure India Private Limited to acquire an IT SEZ building for a total consideration of 5.06 billion rupees ($92.03 million).

The building comes with a total floor area of 639,495 sqft.

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