Singapore’s CapitaLand acquired Ascendas-Singbridge

Singapore-based investment major CapitaLand Ltd has completed its transaction with state investor Temasek Holdings and acquired Ascendas-Singbridge Pte Ltd, creating one of Asia’s largest diversified real estate groups with over S$123 billion (in Singapore dollars) of assets under management (AUM).

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.

With Ascendas-Singbridge’s early-mover advantage in India, the country will become an important market for the combined group as it further develops new economy sectors, like office parks, logistics and real estate.