ASEAN Fund


Ascendas ASEAN Business Space Fund ("ASEAN Fund") was launched in 2007 with the strategy of investing in business space assets in the ASEAN region, in particular Malaysia, Philippines and Vietnam.

ASEAN Fund invests into a mix of development and operating assets in the following categories:

Offices (in CBD and suburban location)
IT related facilities
Science and technology related facilities
Mixed development projects
Industrial facilities




Project Details :

Total AUM (in SGD million)

86

AUM by Country (in SGD million)

Malaysia


Philippines


Vietnam

86

AUM by Strategies (in SGD million)

Core/Core plus


Value-add


Opportunistic

86

AUM by Investment Type (in SGD million)

Operating Assets


Development Assets

86

AUM by Asset Class (in SGD million)

Business Park


Hi-Tech


Light Industrial

86

Logistics


Office


Hospitality


Retail



*USD 400 mil was raised; committed capital was reduced to USD146 mil post-restructuring. APSTP in Vietnam is the last remaining asset in ASEAN Fund. The other 7 assets in Malaysia and Philippines have been divested.

Table 1 - AUM by Asset Class (ASEAN)

AUM by Asset Class - Asean

Table 2 - AUM by Strategy (ASEAN)

AUM By Stratefy - ASEAN