CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek

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CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek
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Singapore's CapitaLand is buying the owner of a clutch of real estate inves...

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Singapore’s CapitaLand Buys Real-Estate Firm for More Than $4 BillionSingapore’s CapitaLand Buys Real-Estate Firm for More Than $4 BillionCapitaLand said it would buy another real-estate company from Singapore state investment firm Temasek Holdings for more than $4 billion dollars.
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Temasek gives CapitaLand a new economy makeoverTemasek gives CapitaLand a new economy makeoverThe state investor will sell a real estate unit to the Singapore property giant for $4.4 bln. Temasek gets a majority stake in the heavyweight, which it already part-owns. With more exposure to e-commerce and developed markets, CapitaLand gets scale and downside protection.
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