CapitaLand acquires shares of Ascendas, Singbridge
Real Estate

CapitaLand acquires shares of Ascendas, Singbridge

Capital and has completed its transaction with Temasek and acquired all the issued shares of Ascendas and Singbridge, creating one of Asia’s largest diversified real-estate groups with over $123 billion of assets under management. The transaction had earlier received approval by CapitaLand’s independent shareholders at an Extraordinary General Meeting held on April 12, 2019.
 
With the completion of the transaction, the enlarged CapitaLand Group will operate as a unified entity (from 1 July 2019), as it marks a new chapter of combined competencies and scale. The group’s enhanced real-estate value chain and enlarged global network of commercial, retail, business park, industrial and logistics, integrated and urban development, residential and lodging, and fund and asset management businesses spans over 30 countries across more than 200 cities.
 
 “The completion marks the coming together of two leading real-estate players as one unified entity,” says Lee Chee Koon, Group CEO, CapitaLand Group. “As an enlarged group, we possess fully integrated capabilities in four core markets—Singapore, China, India and Vietnam—while building greater scale in developed markets. With more asset classes in these markets, we will go further to achieve transformational growth. Diversifying our portfolio to new economy sectors, such as business parks, logistics and industrial properties, will give us added competitive edge via a bigger global network of touch points. With greater access to the best talents, capital partners, markets and asset classes, we are confident of building CapitaLand into a winning global company.”
 
Led by the Integration Management Office, the integration teams have been working closely to achieve operational readiness for CapitaLand Group. Key integration deliverables accomplished include the harmonising of key operational and governance processes, formalising of reporting structures and aligning of key performance indicators and financial reports in the group’s functions and business units across all geographies.

Capital and has completed its transaction with Temasek and acquired all the issued shares of Ascendas and Singbridge, creating one of Asia’s largest diversified real-estate groups with over $123 billion of assets under management. The transaction had earlier received approval by CapitaLand’s independent shareholders at an Extraordinary General Meeting held on April 12, 2019. With the completion of the transaction, the enlarged CapitaLand Group will operate as a unified entity (from 1 July 2019), as it marks a new chapter of combined competencies and scale. The group’s enhanced real-estate value chain and enlarged global network of commercial, retail, business park, industrial and logistics, integrated and urban development, residential and lodging, and fund and asset management businesses spans over 30 countries across more than 200 cities.  “The completion marks the coming together of two leading real-estate players as one unified entity,” says Lee Chee Koon, Group CEO, CapitaLand Group. “As an enlarged group, we possess fully integrated capabilities in four core markets—Singapore, China, India and Vietnam—while building greater scale in developed markets. With more asset classes in these markets, we will go further to achieve transformational growth. Diversifying our portfolio to new economy sectors, such as business parks, logistics and industrial properties, will give us added competitive edge via a bigger global network of touch points. With greater access to the best talents, capital partners, markets and asset classes, we are confident of building CapitaLand into a winning global company.” Led by the Integration Management Office, the integration teams have been working closely to achieve operational readiness for CapitaLand Group. Key integration deliverables accomplished include the harmonising of key operational and governance processes, formalising of reporting structures and aligning of key performance indicators and financial reports in the group’s functions and business units across all geographies.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code