ASCENDAS, a leading business space solutions provider in Asia, said it plans to operate total real estate assets worth S$2.5 billion (US$1.72 billion) in China by 2012, tripling from the current S$840 million.

The Singapore company, which has been aggressively extending its footprint in China since it entered the country in 1995, launched its first IT park in Nanjing, Jiangsu Province, yesterday.