CapitaLand sees potential to double Japan AUM to $5 billion

SINGAPORE (June 6): CapitaLand sees potential to grow its assets under management (AUM) in Japan to $5 billion, double its current AUM of over $2.5 billion as at 31 March 2017.

The group is also on track to achieve at least $3 billion worth of AUM in the market by the end of 2017. Japan is expected to feature prominently in the group’s recurring income strategy, with a robust portfolio of income-producing shopping malls, serviced residences and offices.

Lim Ming Yan, President & Group CEO of CapitaLand, says: “Our total AUM in Japan stands at over $2.5 billion. We strengthened our foothold in Greater Tokyo earlier this year with the acquisition of three office buildings and a mall for $620.1 million, and are poised to continue expanding our presence in Japan to $3 billion in AUM by the end of this year. We see potential to double our AUM in the country to $5 billion by exploring opportunities across asset classes, including tapping various capital sources and third-party assets. Our enlarged portfolio will serve as the group’s platform to develop a sustainable long-term growth strategy in Japan.”

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