How it started
History
In 2000, Pidemco Land and DBS Land merged to form CapitaLand Group Pte. Ltd.
On 19 November 2002, CapitaLand Ascendas REIT (CLAR) was listed on SGX-ST. Formerly known as Ascendas Real Estate Investment Trust, CLAR is Singapore's first and largest listed business space and industrial REIT.
In 2017, CapitaLand came into controversy when the company attempted to evict the Franses Art Gallery from the Cavendish Hotel in London. CapitaLand acquired the property in August 2012. The case would go to the Supreme Court of the United Kingdom, which ruled against CapitaLand and upheld Franses Art Gallery's request for a new 15-year lease.
On 14 January 2019, the Group announced that it would acquire Ascendas-Singbridge, a real estate group, from Temasek Holdings in an S$11B deal, which was completed on 30 June 2019. On 3 July 2019, it announced that Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust would be merged, forming Asia's largest hospitality trust with S$7.6b in combined assets.
On 22 January 2020, CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) announced the merger of both REITs to form CapitaLand Integrated Commercial Trust (CICT), which would become the largest Singapore REIT and one of the largest REITs in the Asia Pacific with an asset base of S$22.4 billion.
From Wikipedia’s article on CapitaLand, shared under CC BY-SA 4.0.2