CapitaLand Investment Expands Fund with Tokyo Asset Acquisition

CapitaLand Investment Limited ( (SG:9CI) ) has shared an update.

CapitaLand Investment Limited has secured additional capital commitments for its CapitaLand Ascott Residence Asia Fund II (CLARA II), reflecting strong investor interest in repositioning underutilized assets into high-performing living assets in key Asia Pacific cities. The fund, along with its co-investors, has acquired a prime mixed-use asset in Tokyo for over JPY30 billion, increasing CLI’s funds under management by approximately S$470 million. This acquisition is part of CLI’s strategy to capitalize on market opportunities in the hospitality sector, leveraging its expertise and brand reputation to enhance asset value and deliver attractive yields.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

More about CapitaLand Investment Limited

CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong presence in the Asia Pacific region. The company focuses on lodging and real estate investments, offering asset-light strategies and leveraging its expertise in serviced residences to deliver high-quality returns.

Average Trading Volume: 10,180,444

Technical Sentiment Signal: Buy

Current Market Cap: S$13.11B

See more data about 9CI stock on TipRanks’ Stock Analysis page.