The winners of the 2024 awards were selected by a judging panel of PERE journalists, marking a departure from previous editions, where PERE first shortlisted submissions and then voted on them by readers to determine the winners.
In a March 4 press release, CLI said the award for CEO Lee recognises “his role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region.”
Since taking over as CapitaLand’s group CEO in September 2018, key moves under his leadership include the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group, which saw the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.
In 2024, CLI invested in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. According to the company, it is on track to manage $200 billion in funds by 2028.
