The assets under management of CapitaLand Investment Limited are valued at $119 billion, of which over 80% are situated in Asia.
CapitaLand Investment Limited (CLI), formerly known as CapitaLand, proved to have a resilient business model following its strategic restructuring in September, reported Singapore Business Review citing OCBC Investment Research.
According to OCBC Investment Research, the restructuring has helped CLI to establish itself as one of the biggest real estate investment managers (REIM) in the world, with assets under management (AUM) valued at $119 billion.
Of these, over 80% are situated in Asia.
A value of $83 billion was also registered from the real estate funds under the management of CLI. These are held by six listed REITs as well as more than 20 private funds.
OCBC said a target of $100 billion is on the cards for CLI, which is expected to grow its fee income as well as recurring income streams.
Cheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email: firstname.lastname@example.org.