22 October 2017
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CapitaLand launches debut Vietnam real estate fund

25 August 17 - RE+D Magazine
CapitaLand launches debut Vietnam real estate fund

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The Singapore-headquartered company CapitaLand said it had closed the CapitaLand Vietnam Commercial Fund I at US$300m (€254m).

 

CapitaLand will hold a 40% stake in the fund and the remaining interests will be held by major institutional investors. Lim Ming Yan, president and group CEO of CapitaLand, said: “Scaling up in the real estate sector requires strong financial capacity and flexibility.

Lim Ming Yan said the new fund brought CapitaLand a “step closer” to its target to manage SGD10bn (€6.23bn) of assets by 2020.

Last year it raised US$1.5bn for its largest fund, Raffles City China Investment Partners III, which includes Canada Pension Plan Investment Board among its investors.

Source: IP RE

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