OUR PORTFOLIOAscendas Innovation Hub
Ascendas Innovation Hub is a business park project with two office towers, located within the core area of Xi’an Software Park in Hi-tech Industries Development Zone, the most mature business park submarket in Xi’an. The property comprises two six-storey business park office towers, both erected on a one-storey basement, with a total gross floor area of 40,547 sq m and net leasable area of 36,108 sq m. Ascendas Innovation Hub has good accessibility and the area is home to a mixture of office, retail, and residential as well as hotel developments. Ascendas Innovation Hub is served by more than 10 bus lines and is 1.2 km away from the Zhangba North Road Metro Station on Metro Line 3, providing good accessibility to the city centre and airport of Xi’an (estimated travel time of 30 minutes and 45 minutes respectively). The property is positioned as a high-tech incubator and R&D space for manufacturing and semiconductor enterprises. Notable tenants include UniIC Semiconductors, Montage Technology and Qualcomm.
298.0
Acquired Value1
(RMB million) (on a 100% basis)
93.1%
Committed Occupancy
(as at 30 Sep 20)
40,547
Gross Floor Area
(sq m)
47
No. of Leases
2
No. of buildings
1 Based on agreed value on a 100% basis
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Property Details
Address 38 Gao Xin 6 Road, Xi'an Hi-Tech Industries Development Zone, Xi'an Description The property comprises two six-storey business park office towers, both erected on a one-storey basement, with a total gross floor area of 40,547 sq m and net leasable area of 36,108 sq m. Gross Floor Area (GFA) (sq m) 40,547 Year of Acquisition Dec 2020 Year of Opening Tower A: Oct 2003
Tower B: Nov 2005Number of Leases 47 Major Tenants UniIC Semiconductors, Zhaoxin Semiconductor, CreditEase, Montage Technology, Xuji Electric, China Electronics Technology Group, Xi'an Fanhua Technology, Qualcomm, Yada Electronic Company, Beetech Land Use Right Expiry May 2051 -
Lease Expiry & Trade Sector Analysis
Lease Expiry Profile (%)
(As at 31 August 2020)
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Location Map