
CapitaLand Investment plans to divest S$6 billion in assets and establish a dedicated fund management entity to double assets under management to S$10 billion by 2029 through new REITs, funds, partnerships, and joint ventures, following a resolved leadership dispute between chairman Kwek Leng Beng and CEO Sherman Kwek.
AI-generated summary
CapitaLand Investment is a Singapore-based real estate investment trust manager. Earlier in 2024, chairman Kwek Leng Beng and CEO Sherman Kwek were involved in a legal tussle over succession, which they later settled.
The firm also aims to sell S$6 billion of assets within the same period either via outright divestments or seeding suitable assets into managed vehicles, according to an exchange filing on Monday.
It wants to set up a dedicated fund management entity with an investment committee and leadership team to double assets under management to S$10 billion by 2029, via new real estate investment trusts, funds, partnerships and joint ventures.
The company’s outlook and succession plans have been a subject of intense discussion among investors after a legal tussle between chairman and patriarch Kwek Leng Beng and his eldest son, Chief Executive Officer Sherman Kwek, early last year. The duo later agreed to settle their differences.
AI outlook — possibilities, not facts
CapitaLand Investment will launch its dedicated fund management entity by mid-2027
Likely · Within months
The S$6 billion asset divestment will be completed by end of 2026
Possible · Within months

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