CapitaLand Investment Limited (SGX: 9CI)
CapitaLand Investment Limited, or CLI, is accelerating the growth of its funds under management (FUM). The blue-chip group is acquiring a 40% stake in SC Capital Partners (SCCP) for S$280 million, with the remaining 60% stake to be acquired in phases over the next five years. As part of the agreement, CLI will also invest a minimum of S$524 million strategic capital into SCCP’s fund strategies to help to grow the latter’s platform. SCCP is an Asian-Pacific real estate investment manager (REIM) with a presence across eight locations in Asia, with total FUM of S$11 billion. The REIM has a 20-year track record and employs 56 personnel. SCCP’s fund management platform consists of a listed Japanese REIT – Japan Hotel REIT (TYO: 8985), and eight private funds. The REIM’s FUM breakdown has 76% of its assets in Japan with the same proportion belonging to lodging....Welcome to this week’s edition of top stock market highlights.
