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Potential CapitaLand-Mapletree merger must be examined through an ESG lens

If a deal were to happen, it could create one of Asia’s largest real estate companies

Kenneth Lim
Published Wed, Nov 12, 2025 · 07:44 PM
    • One of the aspects of a business combination that will have to be ironed out is the different ways that each entity approaches ESG.
    • One of the aspects of a business combination that will have to be ironed out is the different ways that each entity approaches ESG. PHOTO: BT FILE

    [SINGAPORE] A possible merger between two Temasek-linked real estate groups might require harmonising of environmental, social and governance (ESG) goals if a deal were to materialise.

    CapitaLand Investment (CLI), in which Temasek holds a majority stake, and Mapletree Investments (MIPL), a wholly owned Temasek subsidiary, are considering a possible merger, Dow Jones reported last week, adding that the plans are preliminary.

    In a statement, CLI declined to comment on rumours or speculation as a matter of policy, and said that it regularly explores and evaluates various investment opportunities that align with its strategic objectives. MIPL did not comment.

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