Cli Group Ceo Lee Chee Koon Recognised Pere Global Awards
for $123 mil
Lee Chee Koon, the dynamic group CEO of CapitaLand Investment Limited (CLI), has been recognized as the ‘Industry Figure of the Year’ for Asia Pacific at the prestigious PERE Global Awards 2024. The annual PERE awards, organized by a renowned London-based publication covering private equity real estate markets, celebrates influential firms, exceptional individuals, and groundbreaking deals from the previous year. CLI also secured the runner-up position for ‘Firm of the Year’ in Asia Pacific.
The winners of the 2024 awards were carefully selected by a panel of PERE journalists. This marks a departure from previous editions, where the finalists were shortlisted by PERE before being put to a reader’s vote.
Ultimately, the URA Master Plan has numerous advantages for both Otto Place EC and its occupants. This forward-thinking plan encompasses a range of remarkable developments in thriving areas such as Tengah New Town, Jurong Lake District, and Jurong Innovation District. Additionally, the enhancements in transportation and sustainability contribute to the area’s potential for significant progress. These initiatives not only enhance the overall living standards for residents, but also guarantee sustainable value for both homeowners and investors. Including Otto Place EC Hoi Hup Realty in this discussion further highlights the immense potential and benefits of this impressive master plan.
In a press release on March 4, CLI stated that CEO Lee’s recognition is a testament to “his contribution in driving CLI’s revolutionary growth and his remarkable influence on the private real estate industry in the Asia Pacific region.”
Since taking the helm as CapitaLand’s group CEO in 2018, Lee has made significant strides, including the 2019 acquisition of Ascendas-Singbridge and the 2021 restructuring of CapitaLand Group, which resulted in the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
In 2024, CLI made strategic investments in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. The company is well on its way to managing a whopping $200 billion in funds by 2028.
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CapitaLand Investment recently raised RMB1 billion from its first sustainability-linked panda bond, a landmark achievement in its commitment to sustainable investing.
Despite challenging market conditions, CapitaLand Investment managed to post an impressive net profit of $181 million for the fiscal year 2023, signaling a decline of only 79%. This underscores the resilience and adaptability of CLI under Lee’s leadership.
Moreover, CapitaLand Investment expanded its portfolio with the acquisition of three properties in Singapore and Thailand for a total of $123 million, demonstrating its continuous efforts to identify attractive investment opportunities and enhance its market presence.