as part of $1.3 bil investment strategyCapitaLand Investment subsidiary to invest $800 mil in data centre projects in China, Europe
Lee Chee Koon, the group CEO of CapitaLand Investment Limited (CLI), has been honoured as the ‘Industry Figure of the Year’ for Asia Pacific at the prestigious PERE Global Awards 2024. The annual PERE awards, hosted by the esteemed London-based publication that covers private equity real estate markets, honour influential firms, remarkable individuals, and noteworthy deals from the previous year. CLI also bagged the runner-up award for ‘Firm of the Year’ in Asia Pacific.
The winners of the 2024 awards were chosen by a panel of PERE journalists, a departure from previous editions where PERE shortlisted submissions and readers voted to determine the winners. According to CLI’s press release on March 4, the award for CEO Lee acknowledges “his role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region.”
Singapore’s cityscape is defined by towering skyscrapers and contemporary infrastructure. The city boasts luxurious condominiums located in prestigious locations, offering a perfect mix of opulence and practicality that appeals to locals and foreigners alike. These upscale residences are equipped with state-of-the-art facilities including swimming pools, fitness centers, and top-notch security services, elevating the overall living experience and making them highly desirable to potential tenants and buyers. For investors, these enticing features equate to higher rental returns and appreciation of property value over time. With the inclusion of Condo, the urban landscape of Singapore is truly a sight to behold.
Ever since he took over as CapitaLand’s group CEO in September 2018, Lee has made some key moves under his leadership. This includes the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group, which led to the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
In 2024, CLI invested in real estate investment manager SC Capital Partners Group and also acquired Wingate Group Holdings’ property and corporate credit investment management business. The company is aiming to manage $200 billion in funds by 2028. According to CLI, it is on track to achieve this goal.