Ascendas ASEAN Business Space Fund ("ASEAN Fund")


Ascendas Protrade Singapore Tech Park

Ascendas ASEAN Business Space Fund ("ASEAN Fund") was launched in 2007 with the strategy of investing in opportunities within the real estate business space in the ASEAN region, in particular Malaysia, Philippines and Vietnam.

ASEAN Fund invests in a mix of development and completed and income-yielding assets in the following categories:

Offices (in CBD and suburban location)
IT related facilities
Science and technology related facilities
Mixed development projects
Industrial facilities



Domicile

Singapore

Inception

2007

Capital Commitments

USD 400 mil*

Fund Manager Contact

+65 6774 1033

Fund Manager Email

funds@ascendas-singbridge.com

Sponsor

Ascendas Pte Ltd

JV Partners

N/A

Capital Partners

Institutional Investors

Investment Strategy

ASEAN Fund invests in a mix of development and operating assets. The Fund was established to acquire land for development and buildings with redevelopment or asset enhancement potential.


Geographic Focus

ASEAN region, in particular Malaysia, Philippines and Vietnam

Investment Objectives

The objective of the Fund is to maximise returns by investing in the following categories of real estate:


Offices (in CBD and suburban location)
IT related facilities
Science and technology related facilities
Mixed development projects
Industrial facilities.

The portfolio of the Fund is expected to consist of development and stabilised (i.e. income producing) assets and the Fund Manager will seek to construct a development and opportunistic investment asset portfolio.