Ascendas-Singbridge Group has gained a 12.2-section of land site in Chennai for an undisclosed whole from GSquare Group, making it Ascendas-Singbridge’s 6th property in the city.
With an aggregate advancement capability of 2.3 million sq ft, the land allocate on Pallavaram– Thoraipakkam Road, otherwise called Radial Road, will be created into another IT park named International Tech Park Chennai (ITPC) – Radial Road, after the gathering’s leader International Tech Park Chennai – Taramani (envisioned in principle picture).
In a Thursday declaration, Ascendas-Singbridge gauges the principal period of the Radial Road advancement to offer about 1.1 million sq ft of Grade A business space.
Development will initiate soon, includes the gathering, contingent upon endorsements.
The up and coming IT park will join Ascendas-Singbridge’s present Chennai arrangement of two IT parks (Taramani and CyberVale); a coordinated mechanical improvement named OneHub Chennai; and also two coordinations and stockroom offices at Oragadam and Periyapalayam by Ascendas-Firstspace.
“Chennai is a key market for our India business, and this securing further shows our pledge to the city and the State of Tamil Nadu. ITPC – Radial Road is very much situated in an exceptional, high-development zone, and will reinforce Ascendas-Singbridge Group’s International Tech Park suite of business space arrangements,” says Vinamra Srivastava, CEO, India Operations and Private Funds, Ascendas-Singbridge Group.
“We will keep conveying our best regarding quality, resource the board administrations, and civilities, with the point of giving an alluring and favorable business condition for our occupants,” he includes.