The new investment mandate adds to CLI’s deal momentum in Singapore with $12.1 billion of transactions in 2025 and ytd in 2026. The deals include the joint acquisition of Ascent by CapitaLand Ascendas REIT and a global sovereign wealth fund for $490 million.
This year CapitaLand Integrated Commercial Trust (CICT) announced the proposed divestment of Asia Square Tower 2 for $2.45 billion and the proposed acquisition of Paragon for $3.9 billion.
Andrew Lim, Chief Operating Officer and CEO Real Estate Private funds says: “ CLI’s level of investment activity reflects our partners’ confidence in us as a trusted investment manager, and in our home market of Singapore and its track record as a relative safe harbour for capital during times of elevated uncertainty. We believe in the symbiotic relationship between fund management and operating capability and will continue to strategically invest into best-in-class operating platforms in the long-tailwind thematics of demographics, disrution and digitalisation complemented by CapitaLand Development’s expertise.”
