General Knowledge MCQs Quiz

Asia’s largest real estate company which acquired Ascendas-Singbridge Pte. Ltd owned by Temasek Holdings worth US$8 billion (singapore$11 billion) is ______ ?

1) Boston Properties
2) CapitaLand Limited
3) Brookfield Asset Management
4) General Growth Properties

Explanation:
Asia’s largest real estate company CapitaLand Limited (Singapore) completed acquisition worth of US$8 billion (singapore$11 billion) Ascendas-Singbridge Pte. Ltd owned by Temasek Holdings.This acquisition is one of Asia’s largest diversified real estate groups with 123 billion Singapore dollars Asset Under Management(AUM).From July 1, 2019, CapitaLand Group will operate as a unified entity as it marks the coming together of two leading real estate players and possess competency in four core markets namely, Singapore, China, India, and Vietnam at large scale.With this deal, Temasek, which had a 40.8% stake in CapitaLand before the deal, now holds about 51% in the company.

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