Cli Group Ceo Lee Chee Koon Recognised Pere Global Awards
for $470 milCapitaLand Investment enters data centre market with $944.3 mil investment
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Lee Chee Koon, the group CEO of CapitaLand Investment Limited (CLI), has been awarded the prestigious title of ‘Industry Figure of the Year’ for the Asia Pacific region at the 2024 PERE Global Awards.
Hosted by the London-based publication covering private equity real estate markets, the PERE awards honour influential firms, individuals and outstanding deals from the past year. CLI was also recognized as the runner-up for ‘Firm of the Year’ in Asia Pacific.
Unlike previous editions, where readers voted to determine the winners, the recipients of the 2024 awards were chosen by a judging panel of PERE journalists.
In a press release on March 4th, CLI stated that the CEO award for Lee Chee Koon acknowledges “his pivotal role in driving CLI’s phenomenal growth and his significant contributions to the private real estate industry in the Asia Pacific region.”
Since taking the helm as CapitaLand’s group CEO in September 2018, Lee Chee Koon has led significant moves, including the acquisition of Ascendas-Singbridge in 2019 and the restructuring of CapitaLand Group in 2021. This restructuring involved the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
In 2024, CLI made a strategic investment in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. With these moves, the company is on track to manage $200 billion in funds by 2028.
In related news, CapitaLand Investment recently raised RMB1 billion from its first sustainability-linked panda bond and posted a decline of 79% in FY2023 earnings to $181 million. The company also entered the data center market with a $944.3 million investment and acquired three properties in Singapore and Thailand for $470 million.
