CapitaLand, Ascendas-Singbridge ink $8b deal to create Asia’s largest real estate group

In a deal that will create the largest diversified real estate group in Asia, Singapore-based CapitaLand Limited on Monday announced that it has entered into a transaction with Temasek to acquire from its subsidiary, Ascendas-Singbridge Pte Ltd, all the shares in the two wholly owned intermediary subsidiaries of the latter.