Singapore-based realty major CapitaLand Ltd Sunday said it has completed acquisition of Ascendas-Singbridge, resulting in the creation of one of Asia's largest diversified real estate groups with assets worth 123 billion Singapore dollars under management.
In India, CapitaLand has a portfolio of 26 business and IT parks, industrial, lodging and logistics properties, and an urban development project.
In a statement, CapitaLand said it has "completed its transaction with Temasek and acquired all the issued shares of each of Ascendas Pte Ltd and Singbridge Pte Ltd."
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