CapitaLand Investment (CLI) is making its trading debut on the Singapore Exchange Securities Trading Limited (SGX-ST), as one of the world’s largest listed real estate investment managers (REIMs).
CLI’s trading name on SGX-ST is “CapitaLandInvest” and its stock code is “9CI”.
The listing by introduction of CLI on SGX-ST takes place after CapitaLand Limited (SGX-ST stock code: C31) restructured its business to form two distinct entities – CLI, the listed real estate investment management business; and CapitaLand Development (CLD), the privatised property development arm.
As a listed global REIM with a strong Asia foothold, CLI had about S$119.0 billion of real estate assets under management (AUM) as at 30 June 2021, of which more than 80% are located in Asia.
CLI’s real estate funds under management (FUM) stood at about S$83.0 billion, held via six listed real estate investment trusts and business trusts, and over 20 private funds. CLI has charted its roadmap to sustainable growth through three synergistic drivers: fund management, lodging management and capital recycling.
CLI leadership team and new CEO appointments
To achieve its targets, CLI has assembled a strong and diverse leadership team with in-depth experience across strategies, functions and asset classes:
CLI Leadership Council
Listed Fund Management Team
Private Fund Management Team
Asset Operating Platforms
CLI announces two additions to its Leadership Council. Each appointee brings with him at least 20 years of track record in real estate, and extensive experience living and working in Asia for leading REIMs. Both appointments are expected to take effect by end November 2021.
Mr Simon Treacy will be joining CLI as CEO of Private Equity Real Estate, responsible for driving the growth of CLI’s private equity real estate business. Mr Treacy was formerly the Managing Director, Global Chief Investment Officer and Head of U.S. Equity for BlackRock Real Estate.
Mr Patrick Boocock will be assuming the role of CEO of Private Equity Alternative Assets, in charge of building and growing CLI’s private fund business in alternative assets to expand the Group’s unlisted fund portfolios. Mr Boocock was previously Managing Partner and Head of Asia at Brookfield Asset Management.
The leadership team is well supported by over 260 investment and asset management (IAM) specialists globally, providing CLI with a competitive advantage in deal sourcing and origination, extensive local market insights as well as deal execution track record.