A multibillion-dollar deal is creating one of the world's largest real estate investment managers

Saheli Roy Choudhury Published 8 Hours Ago (2019/1/14)

• Major Asian real estate developer CapitaLand said on Monday it has entered into an agreement to buy two wholly owned units from Ascendas-Singbridge, a subsidiary of Singapore investor Temasek, in a cash and stock deal.
• If the deal is approved, the new entity would become Asia's largest diversified real estate group, according to CapitaLand.
• Its combined assets under management would exceed 116 billion Singapore dollars ($85.79 billion), which would put it among the top 10 real estate investment managers globally, CapitaLand said.

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