Singapore's CapitaLand hits over 4-mth high on Temasek real estate deal

CapitaLand India Trust

15/01/2019 06:33

** Shares of real estate firm CapitaLand Ltd  CATL.SI  rise
as much as 4.3 pct to S$3.41, highest since Sept. 2018
    ** CapitaLand on Monday said it would buy logistics and
industrial assets from state investor Temasek  TEM.UL  for S$6
bln($4.4 bln)  urn:newsml:reuters.com:*:nL3N1ZE02T
    ** CapitaLand shares post their biggest intraday pct gain
since March 2017
    ** Jefferies in a note on Monday said the deal underscores
importance of scale and diversification in real estate sector
    ** Deal highlights growth potential, associated premium in
new-economy related sub-sectors such as logistics and data
centres - Jefferies
    ** CapitaLand said it will buy the holding cos of Temasek
unit Ascendas-Singbridge Group for cash and stock; says
Temasek's stake in CapitaLand to rise to 51 pct after
transaction 
    ** Shares of Ascendas-Singbridge-managed Ascendas Real
Estate Investment Trust  AEMN.SI , Ascendas India Trust
 AINT.SI  and Ascendas Hospitality Trust ASHP.SI  ASHP.SI  up as
much as 2.2 pct, 1.9 pct and 2.5 pct, respectively 
    ** As of last close, CapitaLand stock was up 5.1 pct so far
this year, compared with a 3.4 pct rise in the broader index
 .STI 



 ((Niyati.N.Shetty@thomsonreuters.com; +918067497199; Reuters
Messaging: niyati.n.shetty.thomsonreuters.com@reuters.net))