CapitaLand bags $528.3m in maiden real estate equity fund
CapitaLand has raised $528.3m (US$391.3m) for its first discretionary real estate equity fund CapitaLand Asia Partners I’s (CAP I) which closed after nine months since the fundraising commenced in July 2018. CAP I will invest in value-add and transitional office buildings in Asia’s key gateway cities, specifically Singapore, Beijing, Guangzhou, Shanghai, Shenzhen, Osaka and Tokyo. The funds were received from institutional investors, including pension funds, insurance companies and financial institutions from Asia and Europe.
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