CHENNAI, INDIA – Pegatron Technology India has leased a 420,000 sq. ft. industrial facility here for an undisclosed sum, according to reports.

“The industrial segment has been resilient through the pandemic. The project also offers an opportunity to have a leading manufacturer like Pegatron within our tenant portfolio and support their expansion in India,'' said Sanjeev Dasgupta, CEO of the Trustee-Manager.

Construction is ongoing and is expected to be complete by mid-2021.

The project is fully pre-committed to Pegatron, with a seven-year lock-in period and annual escalations.

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