Fund News

Ascendas Firstspace plans $300-M third fund for logistics parks

Business Line   Ascendas Firstspace  

Ascendas Firstspace is gearing up to raise over USD 300 million for its third industrial and logistics real estate fund. The proposed fund will see participation from a consortium of limited partners (LPs), including Singapore’s Temasek Holdings, sovereign wealth funds, and overseas pension funds.Ascendas Firstspace is a joint venture between Ascendas, a member of CapitaLand Group, and Firstspace Realty.

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