| BANGALORE: Ascendas Group announced the appointment
of Jonathan Yap as Chief Executive Officer of Ascendas India. Yap’s
responsibilities over operations in India includes the development
and management of IT Parks, the Ascendas India IT Park Trust, as well
as Ascendas India’s activities and expansion.
Yap is also the city head of Ascendas in Bangalore, which manages
the International Tech Park Bangalore (ITPB), one of Ascendas’
International Tech Park portfolio.
Yap has 15 years of funds management real estate industry experience
with the Australian Stock Exchange-listed Lend Lease Corporation
since 1997 and last held position being Investment Director of its
Asian real estate investment business. During his term, he was based
in Singapore and Australia and held various regional responsibilities
in investment, asset and development management roles in Lend Lease’s
Singapore, Australia and Hong Kong offices.
From 1992 to 1997, Mr Yap was with Tan Chong Realty (the real
estate arm of Hong Kong Stock Exchange-listed Tan Chong Group) and
Inland Revenue Authority in Singapore, holding positions in asset
management, property development and valuation.
Ascendas in India
Ascendas India Private Limited develops International Tech Parks
and hi-tech buildings, as well as Built-To-Suit (BTS) and Ready-Built
Facilities (RBF). Its flagship in India is the widely-acclaimed
International Tech Park, Bangalore (ITPB). This landmark project
has been followed by Cyber Pearl and The V in Hyderabad and the
International Tech Park, Chennai (ITPC). Ascendas is presently developing
more space in the above-mentioned cities as well as seeking growth
into other cities.
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