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.

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