Author: leahlim   |   Latest post: Mon, 14 Oct 2019, 9:02 AM


CapitaLand plans to more than double AUM in India to $7 bil by 2024

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Property giant CapitaLand plans to grow its assets under management (AUM) in India from the current $3.3 billion to $7 billion by 2024. This was announced in Bangalore, India, on Oct 1 by Lee Chee Koon, CapitaLand’s group CEO. The group will invest capital to grow its development pipeline, as well as work with capital partners to grow its fund management business.
CapitaLand currently has 17.4 million sq ft of commercial space comprising business and IT parks, industrial and logistics properties. They are located in Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, and Pune. Close to 80% of the portfolio is held under Ascendas India Trust and two private funds – Ascendas India Growth Programme and Ascendas India Logistics Programme.


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