CapitaLand looks to foray into residential and retail real estate

Singapore-based investor CapitaLand is looking into entering residential and retail real estate in this country, a senior executive said.

It had recently acquired the business units of Temasek Holdings-owned Ascendas Singbridge.

“We have good business in infotech and logistics centres.  We are exploring whether we can put together a plan to enter areas such as residential and retail, and build a team,” said Sanjeev Dasgupta, chief executive of Ascendas India Trust, listed on the Singapore Stock Exchange (SGX). Dasgupta said they could tap expertise from Singapore in this regard.

CapitaLand used to have stakes in the malls developed by Prestige