Private Equity

PE-RE Fund Investments

Ascendas to invest Rs.1,200-Cr in Navi Mumbai data centre

Press Release  

Ascendas Property Fund Trustee Pte Ltd, the trustee-manager of Ascendas India Trust (a-iTrust), is to invest INR 1,200 crore to develop and operate phase one of its first data centre campus in Navi Mumbai. The 6.6-acre greenfield site in Airoli will be developed in phases into a fully-fitted data centre campus with a total potential built-up area of up to 575,000 sq ft and 90 MW of power to host customers such as global technology giants and cloud service providers, as well as large domestic enterprise clients. The campus will comprise two buildings. In phase one, the first building, to be completed by 2Q 2024, will have a built-up area of about 325,000 sqft. The data centre campus site which a-iTrust is acquiring is situated on the Thane-Belapur Road, easily accessible from Mumbai city via the Eastern Express Highway. As a result of a-iTrust's acquisition and development of phase one of the data centre campus, the Trust's portfolio size (including pipeline projects) will increase by 1.2% from approximately 24.9 million sq ft to 25.2 million sq ft.