Raffles City in Chongqing, China, is a massive undertaking under construction with towers shaped as billowing sails. It will include a shopping mall, office space, 1,400 residential apartments, and a luxury hotel, according to CapitaLand, which is developing it along with Ascendas-Singbridge. Image: CapitaLand

CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek

  • New group’s assets under management will be more than S$116 billion
  • Deal marks one of the biggest consolidations in Singapore’s fragmented real estate investment trust sector
Topic |   Property investment

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Raffles City in Chongqing, China, is a massive undertaking under construction with towers shaped as billowing sails. It will include a shopping mall, office space, 1,400 residential apartments, and a luxury hotel, according to CapitaLand, which is developing it along with Ascendas-Singbridge. Image: CapitaLand
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