Singapore-based realty developer and investor Ascendas on Thursday said it has named Lee Fu Nyap as chief executive of its India operations. He would replace Thomas Teo, who would assume the role of chief real estate development officer at its Singapore headquarters.
Nyap's appointment would come into effect from October 1. Ascendas India, the sub-continental arm of Ascendas Pte Ltd, has close to 9 million sq ft of assets under management in India valued at Rs 8,400 crore.
Its portfolio includes the International Tech Park Chennai and CyberVale in Chennai, International Tech Park Bangalore, CyberPearl, The V and aVance in Hyderabad and International Tech Park Pune. In addition to IT Parks, Ascendas is also developing integrated projects with sector specific SEZs, commercial, residential and supporting social amenities in Chennai and Gurgaon. Ascendas also has its only retail space in India, in Bangalore, Park Square Mall.
