CapitalLand to buy two wholly-owned units from Ascendas-Singbridge
Real Estate

CapitalLand to buy two wholly-owned units from Ascendas-Singbridge

CapitalLand has reportedly entered into an agreement to buy two wholly-owned units from Ascendas-Singbridge, a subsidiary of Singapore state investment firm Temasek, in a cash and stock deal.

On the approval of the deal, the new entity is expected to become Asia’s largest diversified real estate group. The combined assets under management will reportedly exceed $85.79 billion, thus placing the firm among the top 10 real estate investment management throughout the world.

The major Asian real estate developer has a strong hold on shopping malls, offices, residential and service apartments segment. However, reports suggest that the deal will give CapitalLand a chance to gain access to interesting asset classes such as industrial, logistics and business parks, in the economy sector, which is driven by technology and e-commerce. Besides, it would also increase the firm’s option in international places. The acquisition is projected to reportedly expand the company’s presence to more than 180 cities across 32 countries.

Temasek will reportedly receive about $2.2 billion in cash and $3 billion in new CapitalLand shares. Once the deal closes, Temasek’s ownership of CapitaLand is set to increase from 40.8 per cent to about 51 per cent.

CapitalLand has reportedly entered into an agreement to buy two wholly-owned units from Ascendas-Singbridge, a subsidiary of Singapore state investment firm Temasek, in a cash and stock deal. On the approval of the deal, the new entity is expected to become Asia’s largest diversified real estate group. The combined assets under management will reportedly exceed $85.79 billion, thus placing the firm among the top 10 real estate investment management throughout the world. The major Asian real estate developer has a strong hold on shopping malls, offices, residential and service apartments segment. However, reports suggest that the deal will give CapitalLand a chance to gain access to interesting asset classes such as industrial, logistics and business parks, in the economy sector, which is driven by technology and e-commerce. Besides, it would also increase the firm’s option in international places. The acquisition is projected to reportedly expand the company’s presence to more than 180 cities across 32 countries. Temasek will reportedly receive about $2.2 billion in cash and $3 billion in new CapitalLand shares. Once the deal closes, Temasek’s ownership of CapitaLand is set to increase from 40.8 per cent to about 51 per cent.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?