Industrial Spaces Partner

Ascendas-Firstspace Development Management Pvt Ltd is a premier joint venture between Ascendas, a distinguished member of CapitaLand Limited, and Firstspace Realty, an eminent Indian partner renowned for its profound expertise in the industrial real estate sector within India. This collaboration brings together a unique synergy of local insight and execution capabilities, harmonized with international best practices and governance standards.

Established to address the evolving logistics and industrial infrastructure challenges in India, Ascendas-Firstspace leverages burgeoning growth opportunities across various industrial verticals such as 3PLs, e-commerce, automobiles, FMCG, modern retail, and manufacturing. Our mission is to deliver state-of-the-art logistics and industrial facilities across major warehousing and manufacturing hubs in the country, ensuring our clients’ success in a dynamic marketplace.

Ascendas-Firstspace is dedicated to creating world-class logistics and industrial infrastructure. We are deeply committed to sustainability, integrating it into every facet of our operations. In line with CapitaLand’s 2030 Sustainability Master Plan, we adopt sustainable design principles and green building standards in our logistics properties, incorporating recycled construction materials, liquid discharge management, renewable energy, and waste management systems.

With strategic investments targeting key nodes such as Mumbai, NCR, Pune, Chennai, Bangalore, Kolkata, and Ahmedabad, Ascendas-Firstspace aims to develop a portfolio of 20 to 25 million sq ft of logistics and industrial space by 2025. This positions us as one of the leading players in India’s logistics and industrial real estate sector.

Leveraging CapitaLand’s robust global expertise and Firstspace’s extensive local experience, Ascendas-Firstspace is committed to crafting top-tier logistics and industrial infrastructure solutions across India. Our 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, providing an ideal platform for clients to reach across India and around the world.