CapitaLand Investment launches opportunistic partners programme in China

A total of $1.1b equity has been committed to the programme.

CapitaLand Investment (CLI) has established the CapitaLand China Opportunistic Partners Programme (CCOP Programme) with a $1.1b equity.

In a statement, CLI said it has secured $892m from top-tier global institutional investors holding an 80% stake in the programme, with CLI holding the remaining 20%.

“The establishment of CapitaLand China Opportunistic Partners Programme following our three onshore RMB funds and China Data Centre Partners (CDCP) fund demonstrates CLI’s strong ability to raise both onshore and offshore funds to accelerate our growth in China,” said CLI China CEO Puah Tze Shyang.

Of the $1.1 equity, $291m is from a single-asset fund, and $824m is in a programmatic joint venture (JV).

CLI said the single-asset fund acquired Baijing Suning Life Plaza for $553m and it will invest to upgrade the retail space into a Grade A office that will push higher rent.

Meanwhile, the programmatic JV will invest in special situation opportunities in China in the commercial, office, retail, logistics, and industrial sectors. Its first transaction involved the acquisition of a $157m high-quality logistics development in Foshan, Guangdong.

Follow the link for more news on

CapitaLand

Also Read

COTD: APAC deal volume falls 6.8% amidst economic uncertainties and tensions

Securitisation seen as key for Singapore developers to enhance returns

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit