On March 4, 2024, Lee Chee Koon, the Group CEO of CapitaLand Investment Limited (CLI), was named the ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards. This prestigious award, given out by the London-based publication covering private equity real estate markets, recognizes influential firms, individuals and standout deals from the past year. In addition, CLI was also awarded the runner-up for ‘Firm of the Year’ in Asia Pacific.
The winners of the 2024 PERE awards were chosen by a panel of PERE journalists, a departure from previous editions where readers voted on shortlisted submissions to determine the winners.
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In a press release on March 4, CLI announced that CEO Lee has been recognized for his instrumental role in driving the company’s transformational growth and significant impact on the private real estate industry in the Asia Pacific region. Since taking the helm as CapitaLand’s group CEO in September 2018, Lee has spearheaded key moves such as the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of the CapitaLand Group. This restructuring saw the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
In 2024, CLI also made strategic investments including the acquisition of real estate investment manager SC Capital Partners Group and the purchase of Wingate Group Holdings’ property and corporate credit investment management business. These moves have put the company on track to manage $200 billion in funds by 2028.
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CLI’s achievements under Lee’s leadership have cemented its position as a leading player in the Asia Pacific private real estate market. The company’s future looks promising as it continues to expand its portfolio and pursue growth opportunities in the region.