Ms Pauline Goh, chief executive of CBRE Singapore and South-east Asia, noted: "Its significantly increased scale and now, foothold in practically every asset class, as well as presence in growth markets like India, Korea and Europe, further strengthens its position as a global real estate company. Additionally, CapitaLand will now have an even broader portfolio base to continue to roll out its best-in-class digital solutions, which will enhance customer experience and connectivity."
OCBC Investment Research analyst Andy Wong has a buy call on CapitaLand, saying the deal could "significantly increase CapitaLand's scale and allow it to have a strong presence in the industrial and logistics markets. CapitaLand expects to reap synergies, given the complementary nature of Ascendas-Singbridge's business to CapitaLand's".
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