CapitaLand Investment Limited (SG:9CI) has released an update.
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CapitaLand Investment Limited has achieved the first close of its new China Business Park RMB Fund III, securing RMB1.2 billion to invest in Chinese business parks, while recapitalizing the Ascendas iHub Suzhou for asset-light growth. The company continues its strategy of recycling assets to boost its funds under management, maintaining a sponsor stake in the fund to align interests with investors. This move enhances CLI’s presence in China, leveraging on the attractiveness of Ascendas iHub Suzhou, a high-quality, eco-friendly business hub.
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