Replace - Notice Of Valuation Of Real Assets :: Asset Valuation
January 30, 2020 at 06:50 am
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(Registration Number: 2007004)
(a business trust registered under the Business Trusts Act, Chapter 31A of Singapore)
ASSET VALUATION
Pursuant to Rule 703 of the SGX-ST Listing Manual, Ascendas Property Fund Trustee Pte. Ltd. (the "Trustee-Manager"), in its capacity as Trustee-Manager for Ascendas India Trust ("a-iTrust"), wishes to announce that it had obtained independent valuations, as of 31 December 2019, for all eight properties in a-iTrust's portfolio. All of the valuations were certified by Savills Property Services (India) Pvt. Ltd.
The valuations as of 31 December 2019 are listed below:
Name of Property
Valuation (INR million)
International Tech Park Bangalore
37,825
International Tech Park Chennai
19,677
CyberVale
4,065
aVance Hyderabad
10,848
(previously "aVance Business Hub, Hyderabad")
CyberPearl
3,418
The V
17,778
aVance Pune (previously "BlueRidge 2, Pune")
9,282
Arshiya
5,698
Total portfolio
108,591
The valuation reports are available for inspection by prior appointment at the Trustee- Manager's registered office during business hours for 3 months from today.
By Order of the Board
Mary J. de Souza Company Secretary
30 January 2020
Ascendas Property Fund Trustee Pte. Ltd. (Trustee-Manager of a-iTrust)
The value of a-iTrust units ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Trustee-Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors have no right to request the Trustee-Manager to redeem their Units while the Units are listed. It is intended that Unitholders of a-iTrust may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The past performance of a-iTrust is not necessarily indicative of the future performance of a- iTrust.
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Ascendas India Trust published this content on 30 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2020 11:49:07 UTC
CapitaLand India Trust (CLINT) is a Singapore-based property trust. The Company is focused on capitalizing on the information technology (IT) industry and logistics/industrial asset classes in India, as well as proactively diversifying into other new economy asset classes such as data centers. Its principal objective is to own income-producing real estate used primarily as business space in India. It owns a portfolio of over 10 IT business parks, four data center developments, one logistics park and three industrial facilities in India. It has a total completed floor area of approximately 21 million square feet spread across Bangalore, Chennai, Hyderabad, Mumbai and Pune. Its properties include International Tech Park Bangalore, International Tech Park Chennai, CapitaLand DC Chennai, CyberVale, CyberPearl, International Tech Park Hyderabad, CapitaLand DC ITPH, aVance Hyderabad, aVance Pune, Arshiya Panvel Warehouses, Building Q1, Aurum Q Parc, BlueRidge and CapitaLand DC Navi Mumbai 1.