CapitaLand Investment Secures SGD 2.4 Billion Real Estate Mandate from Income Insurance

April 28: The portfolio includes a mix of retail, commercial, and industrial assets held directly as well as through joint venture structures.

Scope of Mandate

• Manage existing Singapore-based assets

• Work on improving portfolio performance

• Evaluate and pursue new investment opportunities for Income Insurance across the Asia Pacific region

Market Context

The mandate adds to more than SGD 12.1 billion in transactions recorded in Singapore in 2025 and in the current year to date, indicating continued momentum in deal activity. This activity has been supported by ongoing capital recycling across different asset classes.

Recent Transactions

Earlier this week, CapitaLand Integrated Commercial Trust agreed to:

• Divest Asia Square Tower 2 for SGD 2.5 billion

• Acquire Paragon for SGD 3.9 billion

Last month, CapitaLand Ascendas REIT, along with a sovereign wealth fund partner, acquired the Ascent business space property for SGD 490 million.

Management Commentary

Andrew Lim, Group Chief Operating Officer at CapitaLand Investment and CEO for Real Estate and Private Funds, stated that the level of investment activity reflects strong confidence from capital partners in the firm as a trusted investment manager.