CapitaLand acquires shares of Ascendas, Singbridge

01 Aug 2019 CW Staff

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.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..