OUR PORTFOLIOAscendas Innovation Towers
Ascendas Innovation Towers is a business park project with two 23-storey office towers with a five-storey podium and a three-storey standalone building with a total gross floor area of 118,495 sq m and net leasable area of 96,347 sq m, situated in the Hi-tech Industries Development Zone, Xi’an, well known for its industrial and educational resources. Building A is a three-storey office podium building erected on a two-storey basement for car park use. Building B comprises two 23-storey office towers erected on a two-storey basement for car park use. It is positioned as a landmark asset providing quality focal point for development of Xi’an’s new economy, including hi-tech, innovation, software and R&D sectors. Notable tenants include Ping An Insurance Company, Dahua Technology, Anchnet and Transcosmos.
759.0
Acquired Value1
(RMB million) (on a 100% basis)
91.4%
Committed Occupancy
(as at 30 Sep 20)
118,495
Gross Floor Area
(sq m)
79
No. of Leases
3
No. of buildings
1 Based on agreed value on a 100% basis
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Property Details
Address 88 Tian Gu 7 Road, Xi'an Hi-Tech Industries Development Zone, Xi'an Description Ascendas Innovation Towers consist of two buildings. Building A is a three-storey office podium building erected on a two-storey basement for car park use. Building B comprises two 23-storey office towers erected on a two-storey basement for car park use. Gross Floor Area (GFA) (sq m) 118,495 Year of Acquisition 2020 Year of Opening April 2017 Number of Leases 79 Major Tenants Ping An Insurance Company, DHC Software Company, Dahua Technology, Anchnet, Transcosmos, Qihoo 360 Technology, Sinexcel Electric Land Use Right Expiry February 2064 -
Lease Expiry & Trade Sector Analysis
Lease Expiry Profile (%)
(As at 31 August 2020)
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Location Map