for $391 mil
Lee Chee Koon, the dynamic CEO of CapitaLand Investment Limited (CLI), has been recognized as the ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards 2024. The prestigious awards, organized by the leading publication covering private equity real estate markets in London, acknowledge influential firms, individuals and outstanding deals from the previous year. Furthermore, CLI was also recognized as the runner-up for ‘Firm of the Year’ in Asia Pacific.
The winners of the 2024 awards were selected by a panel of judges comprised of PERE journalists, in a departure from previous editions where the winners were determined by a reader vote following a shortlisting process by PERE.
In a press release dated March 4, CLI stated that the award for CEO Lee is a recognition of his role in spearheading CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region. Since taking over as group CEO of CapitaLand in September 2018, Lee has made several strategic moves that have positioned the company for success. These include the acquisition of Ascendas-Singbridge in 2019 and the recent restructuring of CapitaLand Group in 2021, which led to the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
Notably, CLI also made headlines in 2024 with its investments in real estate investment manager SC Capital Partners Group and the acquisition of Wingate Group Holdings’ property and corporate credit investment management business. With these investments, CLI is poised to manage $200 billion in funds by 2028, according to the company.
Read these related stories for more information:
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– CapitaLand Investment posts a decline in FY2023 earnings by 79% to $181 million.
The decision to invest in a condominium in Singapore has gained immense popularity among both local and foreign investors, largely due to the country’s thriving economy, stable political climate, and exceptional standard of living. With a flourishing real estate market in Singapore, there is a plethora of opportunities, especially in the condo sector. These types of residential developments offer a host of advantages such as convenience, lavish amenities, and the potential for lucrative returns, making them highly sought after. In this redeveloped article, we will delve into the various benefits of investing in a condo in Singapore, essential factors to consider, and the necessary steps to take.
– CapitaLand Investment acquires three properties in Singapore and Thailand, for a total of $391 million.