Ascendas-Firstspace is a premier joint venture between Ascendas, a member of CapitaLand Limited, and Firstspace Realty, an Indian partner with extensive experience in industrial real estate. Established to address the logistics and industrial infrastructure challenges in India, Ascendas-Firstspace leverages the combined expertise of its partners to deliver state-of-the-art logistics and industrial facilities across major warehousing and manufacturing hubs in the country.
The platform provides an ideal combination of local knowledge and execution capabilities, coupled with international best practices and governance standards, offering best-in-class solutions for its customers. Ascendas-Firstspace is dedicated to creating world-class logistics and industrial infrastructure, with strategic investments targeting key nodes such as Mumbai, NCR, Pune, Chennai, Bangalore and Kolkata.
In line with CapitaLand’s 2030 Sustainability Master Plan, Ascendas-Firstspace adopts sustainable design principles and green building standards in its logistics properties. This includes the use of recycled construction materials, liquid discharge management, renewable energy, and waste management systems.
The company has plans to develop a portfolio of 20 to 25 million sq ft of logistics and industrial space by 2025, reinforcing its position as a leading player in India’s logistics and industrial real estate sector.
Ascendas-Firstspace’s network of existing and planned logistics and industrial parks are strategically located to ensure a pan-India presence with access to major roads, rail, air, and seaports. This robust network, combined with flexible solutions, provides an ideal platform for clients to reach across India and around the world.
About our group company: CapitaLand Limited:
CapitaLand Group (CapitaLand) is one of Asia’s largest diversified real estate groups. Headquartered in Singapore, CapitaLand’s portfolio focuses on real estate investment management and real estate development and spans across more than 260 cities in over 40 countries.
Within its ecosystem, CapitaLand has developed an integrated suite of investment management and operating capabilities that supports its real estate businesses and platforms in building core competencies across the real estate value chain. With this full stack of capabilities, CapitaLand can optimise the strategies of its listed real estate investment management business CapitaLand Investment (CLI), and its privately held property development arm CapitaLand Development (CLD); to drive a competitive advantage for its businesses.
CapitaLand places sustainability at the core of what it does. As a responsible real estate company, CapitaLand contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.