CapitaLand completes $8b acquisition of Temasek-owned Ascendas-Singbridge

CapitaLand completes $8b acquisition of Temasek-owned Ascendas-Singbridge

Photo: Reuters

Singapore-based investment major CapitaLand Ltd has completed its transaction with state investor Temasek Holdings and acquired Ascendas-Singbridge Pte Ltd, creating one of Asia’s largest diversified real estate groups with over S$123 billion (in Singapore dollars) of assets under management (AUM).