CapitaLand Investment Secures SGD 2.4 Billion Real Estate Mandate from Income Insurance
CapitaLand Investment has been awarded a SGD 2.4 billion (USD 1.9 billion) real estate mandate by Income Insurance to oversee the insurer’s direct property holdings. The portfolio includes a mix of retail, commercial, and industrial assets that are held directly as well as through joint venture structures.
The mandate will see CapitaLand Investment managing the existing Singapore-based assets while also working on improving their performance over time. Alongside this, the company will evaluate and pursue new investment opportunities for Income Insurance across the Asia Pacific region, aligning with broader institutional investment strategies in the region.
This mandate adds to more than SGD 12.1 billion in transactions recorded in Singapore in 2025 and in the current year to date, indicating continued momentum in deal activity. This activity has been supported by ongoing capital recycling across different asset classes, with investors actively repositioning portfolios.
In related developments reported earlier this week, CapitaLand Integrated Commercial Trust agreed to divest Asia Square Tower 2 for SGD 2.5 billion while simultaneously moving ahead with the acquisition of Paragon for SGD 3.9 billion. In a separate transaction last month, CapitaLand Ascendas REIT, along with a sovereign wealth fund partner, acquired the Ascent business space property for SGD 490 million.
Commenting on the mandate, Andrew Lim, group chief operating officer at CapitaLand Investment and chief executive officer for real estate and private funds, stated that the level of investment activity reflects strong confidence from capital partners in the firm as a trusted investment manager. His remarks highlighted the ongoing institutional interest in CapitaLand Investment’s platform and capabilities in managing diversified real estate portfolios.
CapitaLand Investment, a leading real estate investment manager, has a strong track record in managing and optimizing real estate portfolios. This new mandate further solidifies its position in the market and demonstrates the trust placed in its expertise by institutional investors like Income Insurance.
The company's focus on capital recycling and strategic investments is expected to drive growth and enhance returns for its partners and investors. With a robust pipeline of potential deals and a proven track record, CapitaLand Investment is well-positioned to capitalize on opportunities in the dynamic real estate market of the Asia Pacific region.
