for $391 mil
CapitaLand Investment Limited (CLI) has once again made its mark on the real estate industry, as its Group CEO, Lee Chee Koon, has been awarded the prestigious title of ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards 2024. CLI has also received the runner-up award for ‘Firm of the Year’ in Asia Pacific.
Hosted by a renowned London-based publication covering private equity real estate markets, the annual PERE awards seek to recognize influential firms, individuals, and outstanding deals from the previous year. The winners of the 2024 awards were handpicked by a judging panel of PERE journalists, marking a departure from the previous format where PERE shortlisted submissions and then opened the voting process to its readers.
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In a press release issued on March 4, CLI attributed CEO Lee’s award to his role in driving the company’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region. Since taking over as CapitaLand’s Group CEO in September 2018, Lee has spearheaded several key moves including the acquisition of Ascendas-Singbridge in 2019 and the recent restructuring of CapitaLand Group, which saw the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
In 2024, CLI continued to make strategic investments by acquiring real estate investment manager SC Capital Partners Group and buying out Wingate Group Holdings’ property and corporate credit investment management business. The company is on track to manage $200 billion in funds by 2028. CLI’s success in the industry is a testament to Lee’s exceptional leadership and vision for the company’s growth and development.