With the ASB units under its belly, CapitaLand could be in a stronger position to grow to become Asia’s largest, and among the top 10 global investment managers by real estate assets under management.
SINGAPORE (Jan 18): CapitaLand’s acquisition of two subsidiaries of Ascendas-Singbridge (ASB) is a pretty sweet deal for Temasek.
The Singaporean state investment arm is enlarging its stake in CapitaLand – specifically from 40.8% to about 51% – at a time when shares in the integrated property developer are trading at depressed levels.
