Some folks may think that CapitaLand does not have many Singapore residential developments coming up - with only two projects currently. However, the property group has a much larger canvas for creating development opportunities at home in various asset classes, beyond residential, after its S$11 billion acquisition of Ascendas-Singbridge (ASB) this year. In fact, one of the group's priorities in...
CapitaLand paying for Ascendas-Singbridge with a 50:50 mix of cash and shares avoids over-gearing the company or issuing stock at too steep of a discount, said CapitaLand's president and group CEO Lee Chee Koon. CapitaLand is buying Ascendas-Singbridge from Temasek Holdings in a deal worth S$11 billion, which includes debt owed by Ascendas-Singbridge and a S$6 billion consideration to parent company...
It will be big, but would it be beautiful? CapitaLand's S$11 billion proposed acquisition of from Temasek Holdings will place it among the top 10 real estate investment managers globally. It would not just elevate its global profile significantly but also result in a sizeable expansion and diversification. Assets under management (AUM) will hit S$116 billion across more than 30 countries from the...
Singapore's CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek in a deal valued at S$11 billion that the developer said will create the largest diversified property group in Asia. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and...
Sabana Reit is selling a data centre in Tai Seng to the government-linked Ascendas-Singbridge Group, with the manager citing its strategy of divesting under‐performing and mature assets. The manager inked a conditional sale and purchase agreement on Wednesday to sell Geo‐Tele Centre for S$99.6 million to a trust, it said. Ascendas-Singbridge, which is jointly owned by state entities Temasek Holdings...
Inits latest expansion beyond the Asia-Pacific, Ascendas-Singbridge Group has bought a portfolio of 33 high-quality office properties in the US for an undisclosed sum, marking its entry into the US market. These properties - spread across Portland, Raleigh and San Diego - have a total net lettable area of about 3.3 million sq ft, and are centrally located in the three cities with an overall portfolio...
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