CapitaLand's first closing of discretionary property equity fund raises US$391.3m
The fund will invest in "value-add and transitional" office buildings in Asia's key gateway cities
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Singapore
CAPITALAND has raised US$391.3 million for its first discretionary real estate equity fund. Investors include institutional investors such as pension funds, insurance companies and financial institutions from Asia and Europe, the real estate group said.
It is the fund's first closing; fundraising commenced nine months before, in July 2018.
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