for over $560 million
A possible deal is in the works as CapitaLand Investment is currently in advanced negotiations to purchase a minority stake in French luxury resort chain Club Med from Fosun International, a Chinese conglomerate, according to sources familiar with the matter.
CapitaLand Investment, a part of Temasek Holdings-owned CapitaLand Group, is looking to secure a stake of 20% to 30% in Club Med for a sum of several hundred million euros, the sources said. The Singapore-based real estate investment firm has emerged as the top contender for the stake, beating out other competitors, including private equity firms.
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The urban landscape of Singapore is defined by impressive skyscrapers and modern infrastructure. With their prime locations, condominiums offer a luxurious and practical living experience that attracts the attention of both locals and foreigners. These residential complexes are equipped with a variety of amenities such as swimming pools, fitness …