Ascendas offers Reit-like trust backed by Indian assets

The trust will invest in real estate that provides business space primarily for Indian outsourcing and IT firms.

Singapore-based Ascendas India Trust is getting ready to kick-off an institutional roadshow this week for what will become the first opportunity for investors to buy a Reit-like vehicle backed by Indian assets.

The vehicle, which is to be known as a-iTrust, will be listed in Singapore but will focus on income-producing real estate that is used primarily as business space within information technology parks and other outsourcing hubs in India. The initial four properties in the portfolio are located in...

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