Singapore-based investor CapitaLand Ltd has completed the purchase of Temasek Holdings-owned Ascendas-Singbridge Pte. Ltd. The deal creates one of Asia’s largest diversified real estate groups with over S$123 billion of assets under management (AUM). CapitaLand Group’s enhanced real estate value chain and enlarged global network of commercial, retail; business park, industrial and logistics; integrated development, urban development; residential; lodging; as well as fund and asset management businesses spans over 30 countries across more than 200 cities.