for $513 mil
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Lee Chee Koon, the group CEO of CapitaLand Investment Limited (CLI), has been awarded the prestigious title of ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards 2024. These awards, organized by the London-based publication PERE and focusing on private equity real estate markets, aim to honor influential firms, individuals and standout deals from the past year. CLI was also recognized as the runner-up for ‘Firm of the Year’ in Asia Pacific.
The winners of the 2024 awards were chosen by a panel of PERE journalists, a departure from previous editions where submissions were first shortlisted and then voted on by readers to decide the winners. According to a press release issued by CLI on March 4, this award for CEO Lee Chee Koon acknowledges “his role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region.”
Since assuming the role of CapitaLand’s group CEO in September 2018, Lee has implemented strategic moves that have contributed to the company’s success. These include the acquisition of Ascendas-Singbridge in 2019 and the restructuring of the CapitaLand Group in 2021, which resulted in the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
In 2024, CLI made a further investment in real estate investment manager SC Capital Partners Group and acquired the property and corporate credit investment management business of Wingate Group Holdings. The company is on track to manage $200 billion in funds by 2028. These developments have positioned CLI as a key player in the real estate market in Asia Pacific.
Read further: CLI to pioneer first data centre in Japan with a total investment of $ 944.3 million.
CapitaLand Investment has also been successful in raising RMB1 billion from its first sustainability-linked panda bond and recorded a decline in earnings of 79% to $181 million for the financial year 2023. The company has also acquired three properties in Singapore and Thailand, with a total investment of $513 million. These acquisitions demonstrate CLI’s commitment to expanding its presence in key markets and driving growth.
Overall, Lee Chee Koon’s leadership and strategic vision have contributed to the success and recognition of CapitaLand Investment Limited in the Asia Pacific region. With a strong focus on sustainability and strategic investments, the company is well-positioned for further growth and success in the future.