CapitaLand group chief financial officer Andrew Lim noted yesterday that the deal will play a key role in determining what CapitaLand 3.0 will look like. "More than 80 per cent of Ascendas-Singbridge's AUM (total assets under management) is in the business space, and 50 per cent is in sectors exposed to new economy space such as business parks and data centres. This will allow CapitaLand to capture mega trends (such as rising urbanisation and e-commerce), which will drive growth," he said.
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