for $327 mil
Lee Chee Koon, the CEO of CapitaLand Investment Limited (CLI), has been named the ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards 2024. The prestigious awards, hosted by a London-based publication covering private equity real estate markets, recognize influential firms, individuals, and standout deals from the past year. CLI also received the runner-up award for ‘Firm of the Year’ in Asia Pacific.
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Selection for the 2024 awards was done by a panel of PERE journalists, representing a change from previous editions where PERE first shortlisted submissions and then had readers vote for the winners.
In a press release on March 4, CLI stated that Lee’s award recognized his role in driving the company’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region. Since taking over as CapitaLand’s group CEO in September 2018, Lee has made several key moves that have propelled the company forward. These include the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group, which resulted in the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.
In 2024, CLI also invested in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. The company is on track to manage $200 billion in funds by 2028, according to its projections. These achievements demonstrate Lee’s exceptional leadership and vision for the company.
Click here to read more about CLI’s latest developments, including its recent acquisition of three properties in Singapore and Thailand for $327 million and its successful issuance of its first sustainability-linked panda bond, raising RMB1 billion. Additionally, CLI posted a decline of 79% in earnings for FY2023, recording $181 million.