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CapitaLand aims to more than double assets under management in India
Investors - OCTOBER 2, 2019

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CapitaLand aims to more than double assets under management in India

by Released

CapitaLand has plans to more than double its assets under management (AUM) in India to $5 billion by 2024, from $2.4 billion currently.

To achieve this, CapitaLand will invest capital toward growing its development pipeline and work with capital partners to expand its fund management business over the next five years.

With India’s growing young workforce, e-commerce, and demand for high-quality logistics facilities, the aim is to increase the group’s portfolio there of business and IT parks, industrial and logistics properties to 40 million square feet by 2024, CapitaLand said.

This was announced by CapitaLand’s group CEO in Bangalore at the group’s first media conference in India since the completion of CapitaLand’s combination with Ascendas-Singbridge on June 30, 2019.

Today, CapitaLand has 17.4 million square feet of commercial space comprising business and IT parks, industrial and logistics properties in Bangalore, Chennai, Gurgaon, Hyde

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