for $700 mil
CapitaLand Investment Limited (CLI) is proud to announce that its group CEO, Lee Chee Koon, has been named the ‘Industry Figure of the Year’ for Asia Pacific at the prestigious PERE Global Awards 2024. These annual awards, hosted by the renowned London-based publication covering private equity real estate markets, recognize influential firms, individuals, and standout deals from the past year. CLI is also proud to have received the runner-up award for ‘Firm of the Year’ in Asia Pacific.
The winners of the 2024 awards were hand-picked by a distinguished judging panel of PERE journalists, representing a departure from past editions, where PERE first shortlisted submissions and then held a reader vote to determine the winners.
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In a press release distributed on March 4, 2024, CLI stated that the award for CEO Lee is a testament to “his pivotal role in driving CLI’s transformative 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 of 2018, Lee has made several key moves that have significantly contributed to the company’s success. This includes the acquisition of Ascendas-Singbridge in 2019 and the recent 2021 restructuring of the CapitaLand Group, which saw the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
Last year, CLI also invested in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. With ambitious plans in place, CLI is on track to manage $200 billion in funds by 2028, according to the company.
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CapitaLand Investment has recently raised RMB1 billion from its first sustainability-linked panda bond, further demonstrating its commitment to sustainable investing.
In FY2023, CapitaLand Investment posted an earnings decline of 79% to $181 million due to the challenging operating environment brought about by the COVID-19 pandemic.
Additionally, the company has expanded its portfolio with the acquisition of three properties in Singapore and Thailand for a total of $700 million. These acquisitions are in line with the company’s strategy to diversify its investments and strengthen its presence in key markets.