CapitaLand:, and will start operating as a unified entity. In a regulatory filing by CapitaLand on Sunday, the real estate giant announced that it had completed its transaction with Temasek, and acquired all the issued shares of Ascendas and Singbridge. With this, the group has become one of Asia's largest diversified real estate players with over S$123 billion of assets under management.
In addition, CapitaLand will also appoint Ascendas-Singbridge's chief operating officer and chief financial officer, Jonathan Yap Neng Tong, as the . The 52-year-old Mr Yap will oversee CapitaLand Group's real estate investment trusts and business trusts, as well as private and third-party funds.Suntec Real Estate Investment Trust :
Suntec Reit has entered into agreements to acquire a freehold Grade A office building in Sydney, Australia for A$297 million , manager of the trust, ARA Trust Management , announced on Monday morning before the market opened. The acquisition will be funded by Australian dollar bank borrowings to provide a natural currency hedge and equity, the manager said.
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