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CapitaLand Investment, a major real estate investment manager from Singapore, is acquiring a 40% stake in SC Capital Partners Group (SCCP) for USD 209 million. This deal will increase CapitaLand's assets under management by USD 11 billion, with a significant portion of SCCP's portfolio located in Japan, which is a key growth market for CapitaLand. The acquisition will strengthen CapitaLand's presence in Asia-Pacific and expand its capabilities as a global real estate manager. CapitaLand plans to buy the remaining 60% of SCCP over the next five years. The deal is expected to be completed by the first quarter of 2025.
CapitaLand Investment, a leading real estate investment manager based in Singapore, is focused on growing its presence in Asia-Pacific markets. To achieve this, the company is expanding its assets and funds under management (FUM) through acquisitions and strategic partnerships. Advertisement
CapitaLand recently announced its plan to purchase a 40% stake in SC Capital Partners Group (SCCP), a Singapore-based real estate investment management firm. The deal is valued at 280 million Singapore dollars (approximately 209.31 million USD) and will be paid in cash.
Alongside the stake purchase, CapitaLand has committed to investing a minimum of SGD 524 million into SCCP-managed funds.
This acquisition will increase CapitaLand's FUM by SGD 11 billion, taking its total to SGD 113 billion. Notably, most of SCCP's portfolio (76% of the SGD 11 billion) is located in Japan, a market CapitaLand is prioritising for growth.
Lee Chee Koon, Group CEO of CapitaLand Investment (CLI), stated that the acquisition is a key move to expand their capabilities and strengthen their presence in target markets. This will help accelerate CLI's growth as a global real asset manager and create more value for stakeholders. He emphasised that CLI and SC Capital Partners (SCCP) have complementary portfolios and geographic footprints across Asia-Pacific, and SCCP's capabilities will further strengthen CLI's position in the region.
Suchad Chiaranussati, Chairman and Founder of SC Capital Partners, expressed excitement about partnering with CLI to take advantage of growth opportunities in the Asia-Pacific real estate investment market. He noted that the partnership will provide SC Capital with additional resources, helping them accelerate capital deployment and scale operations. Together with CLI, SCCP aims to maintain strong performance and deliver value to investors.
CapitaLand plans to acquire the remaining 60% of SCCP over the next five years, completing its full ownership in phases. Until then, SCCP will operate independently. The initial 40% stake deal is expected to close in the first quarter of 2025.
This deal strengthens CapitaLand's position in the Asia-Pacific real estate market. By gaining control of SCCP's Japan-focused portfolio, CapitaLand enhances its influence in a critical market while expanding its capabilities as a real estate fund manager.
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