CapitaLand eyes to double AUM to Rs 36,000 crore in next five years

CapitaLand, one of Asia’s largest diversified real estate groups, plans to grow its assets under management (AUM) in the group’s key market India, from the current Rs 17,000 crore to Rs 36,200 crore by 2024. This development comes after CapitaLand’s merger with Ascendas-Singbridge in June this year.

To achieve the target, CapitaLand will invest capital to grow development pipeline and work with capital partners to grow fund management business in the next five years. 

“CapitaLand’s integration of Ascendas-Singbridge portfolio since July 2019 has strengthened our competitive edge globally and in India, one of our strategic markets for growth where we have fully