Reit mergers of CapitaLand and Mapletree entities can be value destructive
Don’t risk destroying value of leaders CapitaLand Integrated Commercial Trust and CapitaLand Ascendas Reit
[SINGAPORE] Shareholders of CapitaLand Investment (CLI) could be eagerly waiting for a merger of Temasek-held entities CapitaLand Group and Mapletree Investments to be unveiled.
If the long-rumoured merger materialises, CLI should see a substantial boost in its funds under management (FUM). CapitaLand Group’s listed real asset investment management business CLI had FUM of S$120 billion as at Nov 5, 2025.
Meanwhile, Mapletree had assets under management (AUM) of S$80.3 billion as at end-March 2025 – with 75 per cent coming from managed assets and the remainder contributed by owned assets. Both CLI and Mapletree are active in managing listed and private funds.
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