+
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
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code