Real estate deals leading local surge in mergers and acquisitions

Growing optimism amid Covid-19's fading impact on cash flows, stabilising share prices

The key driver was the proposed US$7.998 billion merger of CapitaLand Mall Trust and CapitaLand Commercial Trust.
The key driver was the proposed US$7.998 billion merger of CapitaLand Mall Trust and CapitaLand Commercial Trust.ST PHOTO: KUA CHEE SIONG

Deal-making in Singapore is picking up pace, with the real estate sector leading the charge.

The heightened activity signals growing optimism among companies and investors that there will be a strong rebound from the depths of the coronavirus-induced recession.

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A version of this article appeared in the print edition of The Straits Times on October 07, 2020, with the headline 'Real estate deals leading local surge in mergers and acquisitions'. Print Edition | Subscribe