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 Bangalore, Hyderabad and Chennai, which are viewed as attractive destinations for IT and IT enabled services companies.
The trust is looking to raise up to S$500 million $328 million from the sale of between 53%...
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