CapitaLand Investment (CLI) announced it has secured the investment mandate to manage Income Insurance’s direct real estate portfolio. The portfolio comprises retail, commercial and industrial assets held directly by Income Insurance and through its joint ventures.
CLI will enhance the performance of Income Insurance’s existing real estate assets in Singapore while actively seeking and evaluating new investment opportunities for Income Insurance acros the Asia Pacific region.
The new investment mandate adds to CLI’s deal momentum in Singapore with $12.1 billion of transactions in 2025 and ytd in 2026. The deals include the joint acquisition of Ascent by CapitaLand Ascendas REIT and a global sovereign wealth fund for $490 million.
This year CapitaLand Integrated Commercial Trust (CICT) announced the proposed divestment of Asia Square Tower 2 for $2.45 billion and the proposed acquisition of Paragon for $3.9 billion.
Andrew Lim, Chief Operating Officer and CEO Real Estate Private funds says: “ CLI’s level of investment activity reflects our partners’ confidence in us as a trusted investment manager, and in our home market of Singapore and its track record as a relative safe harbour for capital during times of elevated uncertainty. We believe in the symbiotic relationship between fund management and operating capability and will continue to strategically invest into best-in-class operating platforms in the long-tailwind thematics of demographics, disrution and digitalisation complemented by CapitaLand Development’s expertise.”
