September 4, 2024: Singapore-based CapitaLand Investment announced on Wednesday its bold plan to more than double its funds under management (FUM) in India by 2028. As of June 30, the company’s FUM in the country stood at S$7.4 billion ($5.66 billion). This significant increase aligns with CapitaLand’s global objective of reaching S$200 billion in FUM by the same year.
The announcement comes just hours before Indian Prime Minister Narendra Modi’s arrival in Singapore, highlighting the growing economic synergy between the two nations.
CapitaLand Investment’s Group CEO, Lee Chee Koon, emphasized the strategic importance of India’s market. “The country is drawing interest from global corporations and institutional investors seeking high-quality real assets,” Koon stated. He further revealed that CLI plans to diversify its portfolio by exploring opportunities in renewable energy and real estate private credit sectors within India.
CapitaLand Launches India Fund With Focus on Business Park Development
In a recent development, CapitaLand launched a new fund focused on business park development in India, projected to boost its FUM by S$700 million.
This strategic move reflects the company’s commitment to expanding its presence in one of the world’s most promising real estate markets.
The CLI portfolio spans the globe, with operations in more than 40 countries and more than 260 cities. According to the company their 360 investment and asset management professionals are supported by its expansive, worldwide team of operational personnel. This dedicated global network provides the personal touch that has become the hallmark of the company.
