“Over the years, CFL has built up its capabilities to originate, structure, distribute and manage real estate financial products and funds. We are now one of the leading real estate fund managers in Asia. As a Group, we target to increase our assets under management to S$25 billion in three to five years.”

Wen Khai Meng
Co-CEO, CapitaLand Financial Limited
 
CapitaLand Financial Limited (CFL) is the real estate fund management and financial advisory services arm of CapitaLand Group. Its in-house capabilities include real estate capital management, structured financing, property fund management and advisory services. It complements CapitaLand’s real estate domain knowledge to originate, structure, manage and distribute real estate financial products and funds. Its investors and partners in property funds include insurance companies, pension funds and large corporations from Asia, USA, Europe and the Gulf Co-operation Council (GCC) countries.

CapitaLand Group currently manages 15 private equity funds and five real estate investment trusts (REITs) with assets under management (AUM) worth about S$18.0 billion, spanning 11 countries. The five REITs are CapitaMall Trust (CMT), CapitaCommercial Trust (CCT), CapitaRetail China Trust (CRCT), Ascott Residence Trust (ART) and Quill Capita Trust (QCT). QCT, which was listed in January 2007 on the Main Board of Bursa Malaysia (the Malaysian Stock Exchange), is the Group’s first REIT listed outside Singapore.

In addition, CFL also advised and launched six new funds in 2007, namely Malaysia Commercial Development Fund (US$270.0 million), Raffles City Bahrain Fund (US$350.0 million), Ascott China Fund (US$500.0 million), CapitaRetail China Development Fund II (US$600.0 million), CapitaLand AIF (US$180.0 million) and CapitaRetail India Development Fund (US$600.0 million). In early 2008, the company announced its plans for a US$300.0 million development fund for real estate projects in Vietnam.

These REITs and funds are central to CapitaLand’s business model and enable CapitaLand to develop, warehouse and incubate retail, office, and integrated developments in Asia, Europe and the GCC countries.
 
 
 
 
Copyright © 2008. CapitaLand Limited. All rights reserved. Best viewed with 800 x 600. Requires Flash Player 6 and above for viewing.