1. Ascendas Pte, which manages Singapore's biggest industrial property trust, wants to double the assets it manages to more than S$10 billion by 2010 as it expands in Asia.
2. It will set up a S$500 million ($324 million) fund to invest in Indian real estate projects to tap the rapid growth of the Indian real estate sector, riding on India's strong economic performance.
3. The fund is expected to double to S$1 billion.
4. It will invest in integrated developments in India, where it will build business space in the projects including two information technology parks in Pune and Nagpur and other developments for residential, commercial and industrial use.
More investment in faster growing economy = more revenue faster
[Click here for full story at: BLOOMBERG.COM]
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