for $700 mil
CapitaLand Investment Limited (CLI) has recently received the prestigious ‘Industry Figure of the Year’ for Asia Pacific at the 2024 PERE Global Awards. The annual event, organized by a London-based publication focusing on private equity real estate markets, recognizes outstanding firms, individuals, and noteworthy deals from the past year. CLI was also honored with the runner-up award for ‘Firm of the Year’ in Asia Pacific.
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The judging panel of PERE journalists selected the winners for the 2024 edition, a departure from previous editions where readers voted on shortlisted submissions to determine the winners. CLI has also made headlines with its recent announcement to venture into data center development in Japan with a total investment of $944.3 million.
In a press release dated March 4, CLI announced that Group CEO Lee Chee Koon received the award, which recognizes his pivotal role in driving the company’s transformational growth and his significant contribution to the private real estate industry in the Asia Pacific region. Since assuming the role of CapitaLand’s group CEO in September 2018, Lee has spearheaded key initiatives, including the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group, which involved the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
In 2024, CLI made strategic investments, including real estate investment manager SC Capital Partners Group, and acquired Wingate Group Holdings’ property and corporate credit investment management business. With an ambitious target to manage $200 billion in funds by 2028, CLI is well on track to achieve its goal.