 "singapore, real estate")
The developer behind some of Singapore’s most famous landmarks, such as Raffles City and Clarke Quay, has gone ahead and rebuilt itself. The restructuring tells us something about what it is that excites shareholders in the Asian financial center nowadays--and gives a taste of what is to come in many industries globally.
CapitaLand Investment Ltd., which made its debut in the city’s stock market this week, is one of the world’s largest real-estate investment managers, modeled along Blackstone Inc. Gone are the cranes and the excavators of what was earlier CapitaLand Ltd. Together with land parcels and semi-finished buildings, the
