Publications

Fundraising - OCTOBER 25, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

CapitaLand raises $1.5b for third Chinese real estate fund

by Andrea Waitrovich

Singapore-based CapitaLand Ltd. has raised $1.5 billion for its third private investment vehicle, Raffles City China Investment Partners III, marking the largest private capital raise CapitaLand has originated.

RCCIP III will invest in prime integrated developments in gateway cities in China.

For the third fund, CapitaLand will subscribe a 41.7 percent stake in RCCIP III. The Canada Pension Plan Investment Board is among the fund’s investors, investing $375 million in RCCIP III. CPPIB’s investment represents a 25 percent stake in the investment vehicle.

“Investing in CapitaLand’s new China investment vehicle gives CPPIB the opportunity to expand on our long-term strategy of investing in high-quality commercial real estate in China to deliver solid risk-adjusted returns over the long term,” said Jimmy Phua, managing director, head of real estate investments – Asia, CPPIB, in a statement.

China continues to b

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy