ASCapitaLand Investment Limited (CLI) has further solidified its position as a leading player in the private equity real estate market, earning top honors at the prestigious PERE Global Awards 2024. The company’s group CEO, Lee Chee Koon, was named the ‘Industry Figure of the Year’ for Asia Pacific, while CLI received the runner-up award for ‘Firm of the Year’ in the region.
Held annually by PERE, a London-based publication that covers private equity real estate markets, the PERE Global Awards recognizes influential firms, individuals and standout deals from the past year. This year’s winners were selected by a judging panel of PERE journalists, marking a departure from previous editions where PERE readers voted on shortlisted submissions to determine the winners.
In a March 4 press release, CLI expressed its pride in CEO Lee’s achievement, stating that the award “recognizes his role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region.” Lee was appointed as CapitaLand’s group CEO in September 2018, and under his leadership, the company has made major strides, including the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group, which resulted in the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.
CLI has also made strategic investments, such as its acquisition of real estate investment manager SC Capital Partners Group and Wingate Group Holdings’ property and corporate credit investment management business in 2024. The company is on track to manage $200 billion in funds by 2028, solidifying its position as a major player in the private equity real estate market.
CLI’s success at the PERE Global Awards 2024 further cements its reputation as a leading developer and investor in the Asia Pacific region. With a strong track record of delivering high-quality and sustainable projects, CLI is well-positioned to continue its growth and make a significant impact in the private equity real estate market.