Upon completion of the deal, CapitaLand’s total assets under management (AUM) increased to $123 billion – $73 billion via listed REITs and $50 billion on balance sheet or within private funds – including logistics and business parks, industrial, lodging, commercial, retail and residential assets across 32 countries.
SINGAPORE (July 16): CapitaLand completed its merger with Ascendas-Singbridge (ASB) on June 30. The group acquired all the shares in two ASB subsidiaries from Temasek for $6 billion, to create the largest diversified property group in Asia.
