Ascendas India Trust has entered into a forward purchase agreement with Casa Grande Group to acquire an industrial facility at Mahindra World City, an integrated development located in Chennai, India. The facility comprises a net leasable area of approximately 0.42 million square feet.

The facility is fully pre-leased to Pegatron Technology India, a wholly owned subsidiary of Taiwanese electronics manufacturer Pegatron Corporation.Construction for the facility is ongoing, with expected completion by mid-2021. 

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