Singapore’s CapitaLand has confirmed its intended acquisition of property and corporate credit group Wingate for $200 million as the Asian real estate manager expands into private credit.
As part of the deal, Farrel Meltzer, Wingate’s founder and chief executive, will stand down while saying on the board and Nick Jacobson, an executive who has been in charge of the firm’s property business, will become Wingate’s managing director.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
