CapitaLand Is Said to Mull Merging Non-China Assets With Mapletree

CapitaLand Investment Ltd. is exploring options including carving out its assets in China as part of a potential merger with fellow Singaporean real estate asset manager Mapletree Investments Pte, according to people familiar with the matter.

While talks of a possible merger have been on and off for years, discussions have picked up recently as part of year-end strategic reviews, the people said, asking not to be identified because the deliberations are private. Any deal would be complex, given the web of assets belonging to the firms, including some in their real estate investment trusts, the people said.