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SINGAPORE (July 3): Plans are afoot for more active and aggressive land-banking at CapitaLand, after the opening of four integrated projects in China in April, including three Raffles City projects.
The Business Times said the group’s third Raffles City private equity fund that closed last October at US$1.5 billion still has some US$1 billion (RM4.29 billion) of dry powder waiting to be deployed.
Another US$2 billion worth of assets can be snapped up by the fund, assuming a 50% leverage, said CapitaLand group president and CEO, Lim Ming Yan, yesterday.
This article first appeared in The Edge Financial Daily, on July 3, 2017.
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