Ascendas-Singbridge Pte Ltd (Real Estate)

Corporate overview

Ascendas-Singbridge Group is a leading provider of sustainable urban development and business space solutions with assets under management exceeding S$20bn.

Jointly owned by Temasek Holdings and JTC Corporation, Ascendas-Singbridge Group undertakes projects spanning townships, mixed-use developments, business/industrial parks, offices, hotels and warehouses. Headquartered in Singapore, the group has a presence across 11 countries in Asia, Australia, Europe and the United States.

Ascendas-Singbridge Group has deep capabilities in real estate fund management, holding commercial, hospitality and industrial assets. It has a substantial interest in and also manages three Singapore-listed funds under its subsidiary Ascendas, namely Ascendas Reit (a Straits Times Index component stock), Ascendas India Trust and Ascendas Hospitality Trust. Besides these listed funds, it also man- ages a series of private real estate funds.

Sector forecasts

INDUSTRIAL: Leasing and investor demand for good quality industrial and logistics in Asia Pacific remains robust given strong domestic consumption, rapid e-commerce growth and development of modern logistics space to cater to evolving requirements. Rents in some markets in the region, for instance in Singapore, are seen stabilising and poised for increase in the near term, while those in most established markets expect to gather growth momentum as supply pressure remains moderate.

While investors continue to focus on established markets in the region, emerging Asia is increasingly becoming more attractive on the back of a burgeoning middle-class consumer base, rapid urbanisation and a relocation of manufacturing operations from China. These key trends are changing retailing patterns and fuelling the expansion of e-commerce and the third-party logistics industry, thereby supporting a strong demand outlook for industrial and logistics properties in emerging Asia. India is well positioned to ride on this rising trend. The ongoing trade tensions over time could also result in fundamental reconfigurations in manufacturing and supply chain requirements and result in a shift in manufacturing from China to Southeast Asia.

OFFICE: Steady demand is seen in the office market across the Asia Pacific region, supported by strong economic growth. Leasing activities are foreseen to be driven by the tech and financial sectors and flexible space operators. However, with technological innovation continuing to challenge the status quo, new industries and sources of demand as well as new occupier requirements are expected to continue to emerge and result in a mix of traditional, core and different flexible solutions across the region.

Despite several headwinds, including trade tensions, economic growth and healthy supply-demand dynamics in the region should continue to bolster rental growth in most markets, with Singapore, India and selected Australian markets leading the momentum.

Investment principles & strategy

Ascendas-Singbridge is an integrated developer, operator, fund and asset manager which sets us apart from traditional real estate fund management firms.

Platform to provide one-stop solutions for investors – multi-disciplinary team with the capability of managing the full real estate value cycle from development to divestment
On-the-ground operational expertise across the markets we operate in – Presence across 11 countries in Asia, Australia, Europe and the US
Active and hands-on operating approach to deliver long-term returns for our investors
Rigorous review and due diligence of all investments, informed by insights from our local and headquarters expertise and partner networks
Strong corporate governance practice established over 30 years
Significant sponsor commitment to align interests.

Strategic corporate development

We are more than a real estate company. Leveraging Singapore’s successful development experience, Ascendas-Singbridge brings the combined upstream and downstream capabilities to its projects that catalyse urban development, generate economic activity, and create employment opportunities and environments that inspire people to excel. These include conducting feasibility studies, design and master planning, real estate and infrastructure development, facilities and estate management, as well as property and fund investments to offer a comprehensive end-to-end urban development value chain.

The group undertakes projects spanning integrated townships, mixed-use developments, offices, hotels, business parks, information technology/industrial parks, warehouses, logistics and industrial spaces. Iconic urbanisation developments include Singapore Science Park, Sino-Singapore Guangzhou Knowledge City in China, and International Tech Park Bangalore in India.

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_{All information provided here is as at November 2018 unless otherwise stated. The information and opinions presented have been prepared internally and/or obtained from sources which Ascendas-Singbridge believes to be reliable, however Ascendas-Singbridge gives no express or implied representation or warranty, and no responsibility is accepted, with respect to the accuracy, adequacy, or completeness of such information. The information provided here including, without limitation, any forward looking statements, forecasts, projections, opinions, analysis or conclusions express the current views of ASB and may be subject to change without notice. The information provided offered does not constitute investment advice or a recommendation. It is also not an offer to sell or a solicitation of an offer to buy, nor is it the basis for any contract for the purchase or sale of, any investment, security or product anywhere.}

_{Ascendas-Singbridge and its officers, employees and advisers dis¬claim all responsibility and liability for the information and any reliance on the information by anyone (including, without limitation, liability for negligence).}