Building Q1 Acquisation Completed By Ascendas India Trust
Ascendas India Trust has informed that it has completed the acquisition of the multi-tenanted IT SEZ building, Building Q1. The acquired space is spread over 0.62 million square feet. The acquisition is pursuant to the forward purchase arrangement with the shareholders of LOMA Co-Developers 1. The definitive agreements for the acquisition have been executed with the vendor to acquire all of the issued share capital in LOMA 1 which owns Building Q1 for a gross consideration of approximately Rs 3.53 billion/SGD 64.1 million.