Property developer CapitaLand says its wholly-owned subsidiary, CL Pinnacle, has acquired a 40 percent stake in Temasek Holdings' unit Surbana for S$360 million. CapitaLand says the purchase will complement and accelerate the growth of its value housing business initiative by leveraging on Surbana's expertise, particularly in large scale mass market residential developments. Last year, CapitaLand...
