Ascendas-Led JV To Invest $290 Million In Coimbatore IT SEZ
Thu, 08/21/2008 - 04:08 — Sahad P VSingapore-based property developer Ascendas has entered a joint venture to develop a $290 million project through its private property fund Ascendas India Development Trust(AIDT). AIDT has formed a 50:50 joint venture with IREO for an integrated project in Coimbatore.
The joint venture will be developing an integrated project on an area of 53 acres of land, comprising of an IT special economic zone (IT SEZ) and mixed-use development in Coimbatore. The development will be managed by Ascendas. The project will be executed in four phases and will be completed within six to seven years.
IREO is a foreign fund established to invest in real estate in India and has invested more than $500 million of equity and committed $2 billion of capital to date in a diversified portfolio of projects. It has experience in the acquisition and development of real estate in India. Ascendas, which has developed 265 acres of IT infrastructure in six cities in India, Coimbatore project will be its third venture.
January 28, 2011
Greetings from V. Dhanagopalakrishnan- Coimbatore.
At the out-set, we wish to introduce our-self as an leading distribution, trading and importing (footwear, footwear components, home UPS, battery's, personal safety products and imported rubber/latex scraps) company in Coimbatore.
We have our operations in T.N., Kerala, A.P., Karnataka ect. and expanding, with an annual turnover of around Inr 7-10 Cr. for the last 2-3 years.
We are looking for V.C. fund, please assist us in regard.
Awaiting to your assistance.
Regards
V. Gopal (+919360080000)