Singapore-based Ascendas-Singbridge Pte Ltd., that offers urban development solutions, will invest $320 million in logistics and industrial real estate in India. The company launched the Ascendas India Logistics Program which targets developing a portfolio of thirteen to fifteen million square feet of space in key warehousing and manufacturing hubs in Mumbai, the National Capital Region, Pune, Chennai, Bangalore and Ahmedabad, among others. Temasek, a global investment company headquartered in Singapore, is a principal investor in the program.
He Jihong, Ascendas-Singbridge Group chief investment officer said, “Ascendas-Singbridge has over 20 years of experience in India and we are committed to India’s real estate growth story. Given strong domestic consumption trends, investments in high quality logistics and industrial facilities are necessary to support India’s economic growth in the years to come. We welcome Temasek’s support and investment in the Program, which will leverage Ascendas-Firstspace’s global customer base and local execution capabilities to meet the needs of the future economy.”
Last updated: December 26th, 2025
