Property News · January 15, 2019

CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek


Singapore’s CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek for about US$4.4 billion, a deal the developer said would create the largest diversified property group in Asia.
CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and Ascendas Hospitality Trust, for cash and stock.
The deal marks one of the biggest…

Source : South China Morning Post
Read more…CapitaLand leads Singapore REIT consolidation with .4 billion purchase from Temasek

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