Ascendas Property Fund Trustee Pte Ltd, the Trustee-Manager of Ascendas India Trust (“a-iTrust”), is pleased to announce the official opening of its ‘Aviator’ building at the International Tech Park Bangalore (“ITPB”) IT Special Economic Zone (“SEZ”)
Bangalore, Karnatka, India, January 27, 2014 - (PressReleasePoint) -Ascendas Property Fund Trustee Pte Ltd, the Trustee-Manager of Ascendas India Trust (“a-iTrust”), is pleased to announce the official opening of its ‘Aviator’ building at the International Tech Park Bangalore (“ITPB”) IT Special Economic Zone (“SEZ”) today. The private inauguration event was graced by Mr S Iswaran, Minister, Prime Minister’s Office, Second Minister for Home Affairs and Second Minister for Trade and Industry, Republic of Singapore and senior officials from Karnataka State government.
The new 601,360 sq ft ‘Aviator’ building is fully leased to two tenants, namely Mu Sigma Business Solutions Private Limited, a leading decision sciences and big data analytics firm, and Affiliated Computer Services of India Private Limited, a Xerox Company, a leader in Technology and Business Solutions. When fully operational, the building is expected to house about 6,000 employees.
Spread over 2.5 acres, ‘Aviator’ is the third building at the ITPB SEZ. The building has secured LEED pre-certified gold rating from the Indian Green Building Council.
Chief Executive Officer of the Trustee-Manager, Mr Jonathan Yap said, “ITPB pioneered the concept of IT parks in India, and is glad to have contributed to the growth of Bangalore by attracting some of the world’s best-known names in the fields of IT, BPO services, research and development. We thank our tenants for their vote of confidence by committing to the space ahead of its completion. The ‘Aviator’ building is expected to boost the income of a-iTrust in the coming quarters as the tenants continue to progressively take over the space.”
Nearing 17 years of operations, ITPB, the flagship project of Ascendas Group in India, was crowned the winner at the prestigious FIABCI Prix d’ Excellence Awards 2012. The IT Park has emerged as a truly integrated park offering international-class office buildings and a host of amenities, including a shopping mall and a 5-Star business hotel, Vivanta by Taj.
ITPB is jointly owned by a-iTrust and Karnataka Industrial Areas Development Board. ITPB is a key asset of a-iTrust’s 7.5 million sq ft portfolio. With ‘Aviator’, ITPB now offers 3.4 million sq ft of quality space, housing over 32,500 skilled IT & ITES professionals. In addition, ITPB has vacant land with total development potential of about 1.9 million sq ft.
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