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CapitaLand starts to reap fruits of ASB buy

Kalpana Rashiwala

Published Tue, Nov 5, 2019 · 09:50 PM

Singapore

CAPITALAND has started to reap the initial fruits of its acquisition of Ascendas-Singbridge (ASB). The group posted a 34.6 per cent year-on-year increase in fee income from managing its real estate investment trusts (Reits), and private equity funds to S$86.8 million in the third quarter ended Sept 30.

The figure for Q3 FY2018 was S$64.5 million.

For the first nine months of this year, …

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