CapitaLand Investment Limited (CLI), a prominent global real asset manager, has been awarded a S$2.4b investment mandate by Income Insurance Limited to manage its direct real estate portfolio. This portfolio includes retail, commercial, and industrial assets, both directly held and through joint ventures. CLI aims to enhance the performance of these assets in Singapore and explore new investment opportunities across the Asia Pacific region.
This mandate further strengthens CLI’s position in Singapore, with over S$12.1b in transactions recorded in 2025 and 2026. The company continues to focus on capital recycling across various asset classes to maximise returns for investors. Recent transactions include the joint acquisition of Ascent, a premium business space, for S$490 million, and the divestment of Asia Square Tower 2 for S$2.5b, followed by the acquisition of Paragon for S$3.9b.
Andrew Lim, Group Chief Operating Officer and CEO of Real Estate, Private Funds at CLI, expressed enthusiasm about the partnership, stating, “We are delighted and honoured to welcome Income Insurance as a valued capital partner. CLI’s level of investment activity reflects our capital partners’ confidence in us as a trusted investment manager.”
David Chua, Chief Investment Officer at Income Insurance, highlighted the strategic importance of real estate in their investment portfolio, noting, “Tapping CLI’s portfolio and asset management expertise will enable Income Insurance to further enhance the value of our real estate portfolio.”
With Singapore’s reputation as a stable global wealth hub, CLI is well-positioned to benefit from ongoing capital inflows, managing approximately 200 properties across diverse asset classes in the country.
