A multibillion-dollar deal is creating one of the world's largest real estate investment managers

A worker walks past a billboard displaying CapitaLand signage outside the company's Bedok Residences mixed development project construction site in Singapore on Feb. 18, 2013.

Asian real estate developer CapitaLand said it will acquire Ascendas-Singbridge, which would create one of the world's largest real estate investment managers.

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