Ascendas, Asia’s premier business space provider has announced a new CEO for its India operations. Ascendas appointed Lee Fu Nyap as Chief Executive Officer of Ascendas India Operations, effective next month. Ascendas India, the sub-continental arm of Ascendas Pte Ltd, has close to 9 million sqft of assets under management in India valued at some Rs.8,400 crores. The portfolio includes the International Tech Park Chennai and CyberVale in Chennai, International Tech Park Bangalore, CyberPearl, The V and aVance in Hyderabad and International Tech Park Pune. In addition to IT Parks, Ascendas is also developing integrated projects with sector specific SEZs, commercial, residential and supporting social amenities in Chennai and Gurgaon and has its only retail space in India, in Bangalore, Park Square Mall.