(March 23 12:29) Sbr.com.sg
Uploaded By:
Paul Howell
Submitted By:
Staff Reporter
Case Study:
No
Its property development business will be placed under private ownership.
CapitaLand has proposed to restructure its business, consolidating its investment management platforms, including its lodging business, into CapitaLand Investment Management (CLIM) whilst placing its property development business under private ownership.
CLIM, which will be listed by introduction on the Singapore Exchange (SGX), is expected to be the largest real estate investment manager (REIM) in Asia and third largest globally, and to have assets under management (AUM) of about $115m.
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