CapitaLand Investment Limited (CLI), a global leader in real asset management, announced ambitious plans to accelerate geographical diversification across Asia Pacific, Europe, and the US. The company revealed these strategic goals at its Investor Day on 22 November 2024, attended by over 200 institutional investors and partners.
CLI aims to double its funds under management (FUM) to S$200 billion by 2028, with a target of increasing operating earnings more than twofold to over S$1 billion by 2028-2030. The company plans to achieve this growth through its four Fee Income-related Businesses (FRBs), including the expansion of its REITs platform, private funds, lodging, and commercial management. A mix of organic growth, new listings, and mergers and acquisitions (M&A) will drive this expansion.
A key component of CLI’s strategy involves M&A, with significant capital allocated for new growth engines. On 20 November 2024, CLI announced a S$280 million (US$214 million) investment to acquire a 40% stake in SC Capital Partners Group (SCCP), marking its first foray into Japan’s REIT market. This move will increase CLI’s FUM by S$11 billion, enhancing its presence in Japan and broadening its geographical footprint.
CLI’s Group CEO, Mr. Lee Chee Koon, emphasized that the company’s foundation in Asia Pacific would be complemented by further diversification into key international markets, including Japan, Korea, Australia, the US, and Europe. He also highlighted CLI’s ongoing focus on capital efficiency, with over S$24 billion recycled since 2021, channeling significant investments into private and public funds.
The company’s growth strategy is underpinned by three major investment themes: demographics, disruption, and digitalization, with a focus on sectors such as health, logistics, data centers, and renewables.
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