This deal, part of CLI's overall bid to reach its FUM target of $200 billion come 2028, will help bring its FUM to $115 billion upon completion, or 7% of the total.
DBS Group Research has kept its "buy" call and $3.85 on CapitaLand Investment after it announced the A$200 million ($173 million) acquisition of the property and credit investment business of Wingate Group in Australia.
The acquisition, with the addition of A$2.5 billion in funds under management (FUM), will help CLI grow its FUM in Australia by 30% to $8.3 billion.
