Number of Private Vehicles
As at 31 December 2022
Refers to total fund equity size
As at 31 December 2022
CLI invests in a variety of unlisted funds in different real estate sectors across the globe. Our strong boots on the ground, especially in Singapore, China and India, allow us to identify and grow off-market opportunities.
What differentiates us?
We know Asia.
We are one of Asia’s largest REIMs, with about 90% of the real estate assets we manage located in Asia. With more than 35 years of experience in Asia, we know the ins and outs of doing business in this part of the world.
We know Real Estate.
CLI has been a dynamic force in real estate since our founding in 2000 as CapitaLand. Our capabilities, depth of experience and scale allow us to pursue growth opportunities across geographies, sectors, and strategies.
We know what Commitment is.
CLI takes its commitments seriously. Our many business partnerships are built on a strong foundation of loyalty and dependability. Our steadfastness has proven to be an important asset—not only for us, but also our valued business partners.
CapitaLand China Opportunistic Partners Programme (CCOP Programme)
CLI established the CCOP Programme with top tier global institutional investors, with a total of S$1.1 billion in equity committed to invest in special situation opportunities in China. The CCOP Programme comprises a S$291 million single-asset fund which has acquired Beijing Suning Life Plaza, and a S$824 million programmatic joint venture (JV) which has acquired a high-quality logistics development in Foshan, Guangdong in the JV’s first transaction.
CapitaLand China Data Centre Partners (CDCP)
CDCP is a S$530 million data centre development fund that has committed to invest in two hyperscale data centre development projects in Greater Beijing. Upon completion of the projects, CDCP will add approximately S$1 billion to CLI’s funds under management.
India Logistics Funds
CapitaLand India Logistics Fund II
A S$400 million (INR 22.5 billion) set up to invest in the development of logistics assets in key warehousing and manufacturing hubs in six major cities - Ahmedabad, Bangalore, Chennai, Mumbai, National Capital Region (NCR), and Pune, as well as in emerging markets such as Coimbatore, Guwahati, Jaipur, Kolkata and Lucknow.
Ascendas India Logistics Programme (AILP)
Set up in 2018, the AILP aims to invest in projects in key warehousing and manufacturing hubs in Mumbai, National Capital Region, Pune, Chennai, Bangalore, and Ahmedabad, among others. The programme targets to develop a portfolio of 13 to 15 million sqf of space.
Korea Data Centre Funds
Korea Data Centre Fund I and Fund II (KDCF I and II)
Set up in 2020 and 2021 respectively, KDCF I and KDCF II are CapitaLand’s first data centre private funds with 100% third-party capital. The funds will invest in two off-market data centre development projects in South Korea. CapitaLand originated and structured the investments for the fund investors and will lead the planning and development of the data centres as well as earn fee income as a fund and asset manager. CapitaLand entered South Korea in 2002 and was granted its asset management licence in 2009 as the first foreign real estate asset management company.
CapitaLand Asia Partners I (CAP I)
Set up in 2019, CAP I is CapitaLand’s maiden discretionary private equity fund that allows CapitaLand to make full investment and asset management decisions on behalf of the fund’s capital partners. The fund’s mandate is to invest in value-add and transitional office buildings in Asia’s key gateway cities, specifically Singapore, Shanghai, Beijing, Guangzhou, Shenzhen, Tokyo and Osaka. The fund is currently fully invested in three office buildings, comprising two in Shanghai (namely, Innov Center and Pufa Tower), and one in Singapore (namely, PLUS).
Table of Private Funds and Total Fund Size
|Private Funds||Total Fund Size (Million)1|
|CapitaLand Mall China Income Fund
|CapitaLand Mall China Income Fund II||US$ 425
|CapitaLand Mall China Income Fund III||S$ 900
|CapitaLand Mall China Development Fund III||US$ 1,000|
|Raffles City China Investment Partners III||US$ 1,500
|Raffles City Platinum Ventures
|Ascendas China Commercial Fund 3||S$ 436|
|CapitaLand Township Development Fund II
|China Special Situation RMB Fund I||RMB 703
|China Business Park Core RMB Fund I||RMB 380|
|China Business Park Core RMB Fund II||RMB 3,600|
|CapitaLand China Opportunistic Partners||US$ 625|
|CapitaLand Asia Partners I
(CAP I) and Co-investments
|Athena LP||S$ 109
|CapitaLand Open End Real Estate Fund||US$ 441|
|Self Storage Venture||S$ 570|
|CapitaLand Korea No. 1||KRW 85,100
|CapitaLand Korea No. 3 (Core)
|CapitaLand Korea No. 4
|CapitaLand Korea No. 5||KRW 64,062|
|CapitaLand Korea No.8
(Data Centre I)
|CapitaLand Korea No.9
(Data Centre II)
|CapitaLand Korea No.10 (Logistics Fund I)||KRW 85,700|
|CapitaLand Korea No.11 (Logistics Fund II)||KRW 44,864|
|CapitaLand Korea No. 14 (Logistics Fund III)||KRW 108,600|
|CapitaLand Mall India Development Fund||S$ 880
|Ascendas India Growth Programme||INR 15,000
|Ascendas India Logistics Programme||INR 20,000|
|CapitaLand India Logistics Fund II
Ascott Serviced Residence (Global) Fund
|Student Accommodation Development Venture||US$ 150|
|Orchid One Godo Kaisha||JPY 18,460|
|Mitake 1 Tokutei Mokuteki Kaisha||JPY 3,000|
|Total Fund Size||S$ 23,035|
¹ As at 31 December 2022