Ascendas-Singbridge has named Vinamra Srivastava as Chief Executive Officer for its India Operations and Private Funds, effective April 1, as the Singaporean business park builder gears up for a new chapter of growth in India’s property sector.
Srivastava joined the firm in October 2015 and currently heads up Group Corporate Strategy & Development. He will be based in Bangalore, the headquarters for the company’s India operations.
The executive succeeds Sanjay Dutt, who has helmed the firm’s India operations since July 2016.
In the new role, Srivastava will oversee the company’s operations, business development, and strategic planning in India, as well as expanding the developer’s portfolio of assets in the country, which currently totals over 13 million square feet with a value of around S$2.2 billion ($1.7 billion).
Srivastava “has played a key leadership role to develop the India strategy for Ascendas-Singbridge and ensure consistent strategy execution across investment, development, operations and asset management,” commented Miguel Ko, the company’s group CEO in a statement.
“With his cross border consultancy experience and deep knowledge of Ascendas-Singbridge’s strategy, we are confident that he will lead Ascendas-Singbridge’s India operations and private funds to its next phase of growth.”
Ascendas-Singbridge’s projects in India include the 69-acre International Tech Park Bangalore
Srivastava’s achievements include helping Ascendas-Singbridge to enter India’s logistics and industrial sector last year by setting up the Ascendas-Firstspace platform, a joint venture with Bangalore-based Firstspace Realty.