SINGAPORE (July 3): Plans are afoot for more active and aggressive land-banking at CapitaLand, after the opening of four integrated projects in China in April, including three Raffles City projects.

The Business Times said the group’s third Raffles City private equity fund that closed last October at US$1.5 billion still has some US$1 billion (RM4.29 billion) of dry powder waiting to be deployed.

Another US$2 billion worth of assets can be snapped up by the fund, assuming a 50% leverage, said CapitaLand group president and CEO, Lim Ming Yan, yesterday.

This article first appeared in The Edge Financial Daily, on July 3, 2017.

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
The truth about GRR: Why you should run away from buying that “promised income” property

Developments in strong, in-demand areas, like near universities, offices, tourist attractions, or transport hubs, can attract tenants naturally, and earn stable rental income without any guarantees.

read more
RELATED POSTS
  1. Tanco teams up with China-backed construction firm to bid for warehouse and mega-storage contracts
  2. AME Elite to sell five industrial properties in Johor to CapitaLand for RM220.8m cash
  3. CapitaLand Investment to collaborate with Malaysia's Coronade Properties on mall in JS-SEZ