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CapitaLand courts growth with fresh Ascendas-Singbridge assets

The move widens CapitaLand's portfolio in geography and asset classes, and gives it a foot in the door in new sectors

Anita Gabriel

Published Mon, Jan 14, 2019 · 09:50 PM

Singapore

CAPITALAND is banking on Ascendas-Singbridge's (ASB) logistics and business parks and its data centres - fresh additions that will aid in the group's pivot to these new growth sectors - to further drive growth.

The group's president and group chief executive Lee Chee Koon, heading into his fifth month at the helm, described these as "interesting" asset classes in new-economy sectors in a briefing following the announcement of CapitaLand's S$11 billion cash-plus-shares deal to scoop up ASB from Temasek Holdings.