CapitaLand Investment Limited (CLI) has secured the investment mandate to manage Income Insurance Limited’s direct real estate portfolio. The portfolio comprises retail, commercial and industrial assets held directly by Income Insurance and through its joint ventures.
As investment manager, CLI enhance the performance of Income Insurance’s existing real estate assets in Singapore, while actively seeking and evaluating new investment opportunities for Income Insurance across the Asia Pacific region.
“Real estate is an important and strategic asset class in our investment portfolio,” said David Chua, CIO, Income Insurance. “We are pleased to partner with a strong trusted partner like CLI for our Singapore real estate portfolio. Their platform breadth, scale and extensive network within Singapore’s real estate market stands out. Tapping CLI’s portfolio and asset management expertise will enable Income Insurance to further enhance the value of our real estate
