SINGAPORE (Nikkei Markets) -- Singapore property giant CapitaLand will buy a group of companies from state investment firm Temasek Holdings for $4.4 billion in a deal that will create Asia's largest real-estate fund manager.
CapitaLand's purchase of Ascendas-Singbridge, which manages several listed real estate investment trusts, follows recent mergers in Singapore's property fund management industry as it tries to build scale and expand globally.
