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Overview

The Ascendas-Firstspace platform is a joint venture between Ascendas-Singbridge, Asia’s leading sustainable urban and business space solutions provider, and Firstspace Realty, an Indian partner with rich experience in industrial real estate in India. The platform provides an ideal combination of local knowledge and execution capabilities, combined with international best practices and governance standards, offering best-in-class solutions for our customers.

This platform was conceptualised to address the challenges pertaining to logistics and industrial infrastructure faced by companies in India, as they look to tap on the burgeoning growth opportunities on offer across different industrial industry verticals like 3PLs, e-commerce, automobiles, FMCG, modern retail and manufacturing among others.

India’s logistics industry is expected to grow at 10-11% annually to reach a size of ~USD 200 billion by 2021. With all the infrastructure initiatives being planned by the Government, India is expected to be positioned in line with other developed markets by 2025. Despite the opportunity of being attractive, key execution challenges remain on the ground related to identification and execution of land, approvals for conversion and construction, and cost competitive development.

The Ascendas-Firstspace platform offers unique advantages to customers in addressing these challenges.