Singapore $11 Billion Real Estate Asset Manager CapitaLand Investment (CLI) to Manage $1.9 Billion (S$2.4 Billion) Real Estate Investment of Singapore $34 Billion Insurer Income Insurance, $1.9 Billion (S$2.4 Billion) Real Estate Investment Portfolio Comprises of Direct Real Estate in Retail, Commercial & Industrial Assets (Include Joint Ventures)
24th April 2026 | Hong Kong
Singapore real estate asset manager CapitaLand Investment Limited (CLI, $11 billion market value) has won the mandate to manage $1.9 billion (S$2.4 billion) real estate investment of Singapore insurer Income Insurance ($34 billion AUM), with the $1.9 billion ($2.4 billion) real estate investment portfolio comprising of direct real estate in retail, commercial & industrial assets (Include joint ventures). Announcement (23/4/26): “CapitaLand Investment Limited (CLI), a leading global real asset manager, has secured the investment mandate to manage Income Insurance Limited’s (Income Insurance) direct real estate portfolio. The portfolio comprises retail, commercial and industrial assets held directly by Income Insurance and through its joint ventures. As investment manager, CLI will leverage its deep portfolio management capabilities to enhance the performance of Income Insurance’s existing real estate assets in Singapore, while actively seeking and evaluating new investment opportunities for Income Insurance across the Asia Pacific region. The new investment mandate adds to CLI’s strong deal momentum in Singapore, with over S$12.1 billion of transactions in 2025 and year-to-date 2026. CLI continues to invest in its home market, Singapore, as it pursues capital recycling across multiple asset classes to drive higher returns for investors. This includes the joint acquisition of Ascent, a premium business space property, by CapitaLand Ascendas REIT (CLAR) and a global sovereign wealth fund (SWF) for a total purchase consideration of S$490 million. Most recently, CapitaLand Integrated Commercial Trust (CICT) announced the divestment of Asia Square Tower 2 for S$2.5 billion and the acquisition of Paragon for S$3.9 billion. These transactions not only drive fee related revenue for CLI, but more importantly, demonstrate CLI’s scale, network and proven ability to connect leading global institutional investors with high-quality investment opportunities in Singapore. As a stable and well-regulated global wealth hub, capital inflow from global investors into Singapore is set to continue. Singapore’s foreign direct investment as a proportion of its GDP remains amongst the top 10 in the world. CLI’s high-quality and diversified portfolio in Singapore across its listed and private funds is well-positioned to benefit from the flight-to-quality trend amongst investors. CLI currently owns and/or manages about 200 properties in the country, comprising retail, office, lodging, industrial, logistics, business parks, wellness, self-storage and data centre assets.”
“ Singapore $11 Billion Real Estate Asset Manager CapitaLand Investment (CLI) to Manage $1.9 Billion (S$2.4 Billion) Real Estate Investment of Singapore $34 Billion Insurer Income Insurance, $1.9 Billion (S$2.4 Billion) Real Estate Investment Portfolio Comprises of Direct Real Estate in Retail, Commercial & Industrial Assets (Include Joint Ventures) “
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Andrew Lim, Group Chief Operating Officer and Chief Executive Officer, Real Estate, Private Funds: We are delighted and honoured to welcome Income Insurance as a valued capital partner. CLI’s level of investment activity reflects our capital partners’ confidence in us as a trusted investment manager, and in our home market of Singapore and its track record as a relative safe harbour for capital during times of elevated uncertainty. We believe in the symbiotic relationship between fund management and operating capability, and will continue to strategically invest into best-in-class operating platforms in the long-tailwind thematics of Demographics, Disruption and Digitalisation, complemented by CapitaLand Development’s (CLD) expertise. We are confident that this will position us to continue to successfully originate, execute and scale across market cycles in Singapore and the region.”
David Chua, Chief Investment Officer, Income Insurance: “Real estate is an important and strategic asset class in our investment portfolio. We are pleased to partner with a strong trusted partner like CLI for our Singapore real estate portfolio. Their platform breadth, scale and extensive network within Singapore’s real estate market stands out. Tapping CLI’s portfolio and asset management expertise will enable Income Insurance to further enhance the value of our real estate portfolio and to achieve our long-term investment return objectives. I am confident that our partnership will put us in good stead to deliver steady returns to our policyholders and shareholders.”
Singapore $11 Billion Real Estate Asset Manager CapitaLand Investment (CLI) to Manage $1.9 Billion (S$2.4 Billion) Real Estate Investment of Singapore $34 Billion Insurer Income Insurance, $1.9 Billion (S$2.4 Billion) Real Estate Investment Portfolio Comprises of Direct Real Estate in Retail, Commercial & Industrial Assets (Include Joint Ventures)
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