Ascendas Of Singapore Partners With Arshiya


Arshiya Limited entered into a binding term sheet with Ascendas Property Fund Trustee Pte Ltd (“APFT”), whereby APFT, in its capacity as Trustee-Manager of Ascendas India Trust, has agreed, subject to satisfactory duediligence, agreement on definitive documentation and obtaining necessary Board approvals, to acquire 6 warehouses (totaling 8,32,000 sq.ft.) of Arshiya at its Free Trade & Warehousing Zone (FTWZ) located at Panvel, near Mumbai.

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