Capitaland Limited (Capitaland) announced its intent to acquire Ascendas-Singbridge (ASB), owner of a portfolio of mainly industrial and logistic properties from Temasek Holdings, in a deal worth around $11 billion enterprise value. This is certainly a blockbuster deal, going by the size of the transaction value, and by virtue that both Capitaland and ASB are major real estate players locally. It is a major expansion by Capitaland, which the management stated that it will create the largest diversified real estate group in Asia. Is this a good deal for existing shareholders of Capitaland, and how would it impact both Capitaland and REITs under the ASB umbrella in future (ASB is not listed)? We shall take a closer look in its article. Parties Involved The deal involved three parties. Firstly, Capitaland is a household name in Singapore which is a major real estate developer, operator and owner with assets...