CapitaLand Investment, Pruksa Holding hold first close for newly launched wellness and healthcare fund

CapitaLand Investment Limited (CLI) and Pruksa Holding Public Company (PSH) have launched and held a first close of the inaugural wellness and healthcare-related real estate fund, CapitaLand Wellness Fund (C-WELL).

CLI and PSH have jointly committed an initial equity investment of S$350 million ($256 million) toward the fund’s target equity size of S$500 million, with an option to upsize to S$1 billion ($731 million) in equity and target asset value of S$2.9 billion ($2.1 billion) when fully deployed.

C-WELL marks the second jointly established fund by CLI and PSH in their continuing strategic partnership following the launch of the CapitaLand SEA Logistics Fund last year. C-WELL is a Southeast Asian–anchored value-add fund with an initial focus on Singapore, Thailand and Malaysia. It targets investments in single or mixed-use assets across the wellness spectrum, comprising residential, lodging, senior living, clinics, medical suites, hospital facilities and wellne