With a burgeoning Indian economy and increasing consumer consumption, the demand for efficient storage and distribution networks is propelling the warehousing industry. This creates a vital opportunity for businesses to leverage modern warehousing solutions to reach every corner of a rapidly growing market.
At Ascendas Firstspace, we leverage our global and local expertise to deliver innovative industrial real estate solutions. We seamlessly integrate legacy systems, industry know-how, and powerful technology to empower your business. And with sustainability at the core of everything we do, we are committed to fostering long-term growth for both your business and the environment.
OUR GENESIS
With the strong global expertise of CapitaLand and rich local experience of Firstspace, Ascendas Firstspace is dedicated to creating world-class logistics and industrial infrastructure across India.
CapitaLand:
- One of Asia’s largest diversified real estate groups with a global AUM of over S$136 billion as of Dec 2024
- Pioneer of IT park development in India and sponsor of India’s first listed property trust (Ascendas India Trust)
- CapitaLand Group manages over 30 million sq. ft. of industrial and logistics space across Asia-Pacific
Firstspace:
- Strong track record in industrial real estate having developed over multiple industrial and logistics space across India
- Robust network of developers, landowners, intermediaries, tenants, architects and contractors
- Formed by a group of industry experts with significant experience in development and land acquisition
OUR ADVANTAGE
Future of logistics: warehousing market - India.
The Indian warehousing sector is on the brink of a remarkable transformation. As supply chains evolve, the demand for warehouse space is projected to reach approximately 1.2 billion sq. ft. by 2027 across Grade A, B & C warehouses across all Indian cities.
This growth is not just about quantity, but quality as well. The report highlights a significant shift towards Grade A warehousing, with stock expected to grow to an impressive 400 million sq. ft. by 2027 from 290 million sq. ft. in 2023.
The Ascendas Firstspace platform offers unique advantages to customers in addressing these challenges.
CapitaLand logistics experience and strong Indian presence
CapitaLand Group manages over 30 million sq. ft. of industrial and logistics space across Asia-Pacific bringing international best practices.
Developed and manages over 11 million sq. ft. of office space across five tier-1 cities in India since 1994.
On-ground execution capabilities of the Firstspace team
Strong track record in industrial real estate having managed over 4.5 million sq. ft. of space and commitment of over USD 300 million equity for developing more than 14 million sq. ft. of industrial space.
Firstspace team had already developed two modern warehousing projects in Chennai and Bangalore before teaming up with Ascendas-Singbridge.
Strong transparency and corporate governance standards of Ascendas, a member of CapitaLand Limited
Multiple awards for corporate governance standards supported by eight listed real estate investment funds (REITS) and business trusts as well as over 20 private funds.
KEY TENANTS
SUSTAINABILITY FEATURES
Sustainability is at the core of everything we do. Our logistics facilities incorporate green building practices, energy-efficient technologies, and eco-friendly initiatives, aligning with CapitaLand's 2030 Sustainability Master Plan. Features include pre-engineered buildings for energy efficiency, natural ventilation systems, water management strategies, and use of recycled water. Partner with us for a sustainable future.
SUSTAINABILITY LEADERSHIP
NET ZERO BY 2050 Global 2030 target validated by Science Based Targets initiative (SBTi) for 1.5°C scenario
- 43% & 52% Energy and Water intensity reduction (per m2 from base year 2008) respectively
- 54% Carbon emissions intensity reduction since 2008
- S$320 MILLION Cumulative utilities cost avoidance since 2008
- >48% of CLI’s global portfolio achieved green building certification
- S$7 BILLION raised in sustainable finance by CLI & its listed REITs & business trusts
- S$50 MILLION CapitaLand Innovation Fund to support the test bedding of sustainability and other high-tech innovations
- >270 Inaugural CapitaLand Sustainability X Challenge received
- >25 countries contribution towards innovation
- Implementing INTERNAL CARBON PRICE or new investments and acquisitions
CAPITALAND
Headquartered and listed in Singapore, CapitaLand Limited (CapitaLand), is one of Asia’s largest diversified real estate groups. It owns and manages a global portfolio valued at over S$136 billion (as of December 2024).
CapitaLand’s portfolio encompasses a vast array of real estate classes, including commercial properties, retail spaces, business parks and industrial and logistics facilities, integrated and urban developments, as well as hospitality (lodging) and residential projects.
CapitaLand is present in more than 220 cities in over 30 countries. While Singapore and China remain its core markets, CapitaLand continues to expand its reach into promising markets like India, Vietnam, Australia, Europe, and the USA.
CapitaLand has one of the largest real estate investment management businesses globally. Their portfolio includes six listed Real Estate Investment Trusts (REITs) and business trusts along with a robust group of over 20 private funds.
CapitaLand launched Singapore's first REIT in 2002. Today, they continue this leadership by managing a diverse portfolio of REITs and business trusts which includes CapitaLand Integrated Commercial Trust, Ascendas Real Estate Investment Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trust and CapitaLand Malaysia Mall Trust.
Sustainability at the core of everything CapitaLand does. As a responsible real estate leader, it contributes to the environmental and social well-being of the communities where it operates, while simultaneously delivering long-term economic value to its stakeholders.
In India, CapitaLand has a strong presence with a portfolio that includes over 20 business and IT parks, industrial facilities, lodging (hospitality) properties and logistics hubs strategically located across seven key cities: Bengaluru, Chennai, Goa, Gurgaon, Hyderabad, Mumbai, and Pune.
The Group is a key contributor to India's IT industry development. They pioneered the renowned International Tech Park Bengaluru back in 1994. This legacy continues today with their extensive expertise across the entire real estate value chain in India – from owning, developing and managing properties to fund management through Ascendas India Trust and private funds.
More about CapitaLand: www.capitaland.com