SINGAPORE – CapitaLand has proposed the group’s biggest-ever overhaul that will see the privatising of its real estate development business and consolidation of its fund management and lodging business.
Under the scheme, the group’s investment management and fund managing platformsas well as its lodging business will be consolidated into CapitaLand Investment Management (CLIM), which is to be listed by introduction on the Singapore Exchange.
With assets under management (AUM) of about $115 billion, CLIM is expected to be the largest real estate investment manager (Reim) in Asia, and the third-largest listed Reim company globally.
Singapore’s biggest property developer announced the restructuring on Monday (March 22) along with CLA R…
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