CLI claims to have $125 billion in “funds under management” (FUM) as at end-2025, while Mapletree Investments manages $80.3 billion of assets as at March 2025. The former aims to achieve $200 billion FUM by 2028, while the latter aims to reach between $100 billion and $120 billion in AUM by March 31, 2029.
The rumoured merger between CapitaLand Investment (CLI) and the unlisted Mapletree Investments would be a “good move”, says John Lim, the industry veteran who co-founded real estate fund manager ARA Asset Management in 2002.
“Size is important,” says the pioneer of Singapore REITs (S-REITs) on the sidelines of the Asia Pacific Real Assets Association (Aprea) Singapore conference on March 25. “At $30, $40, $50 billion in [assets under management (AUM)], compared with the global players, you are very small. $100 billion at least, and you can have a seat at the adults’ table.”
