Singapore-based CapitaLand Investment announced its acquisition of a 40% stake in SC Capital Partners Group (SCCP) for S$280 million ($209.31 million). The deal also includes a commitment to invest at least S$524 million in SCCP, a Singapore-based real estate investment manager.

This acquisition will expand CapitaLand's funds under management (FUM) by S$11 billion, significantly bolstering its presence in Japan, where 76% of SCCP's FUM is concentrated. With this transaction, CapitaLand’s combined FUM in the Asia-Pacific region will reach S$113 billion, further cementing its position as a leading real asset manager.

The initial 40% stake will be funded through cash, and the deal is expected to close in the first quarter of 2025. CapitaLand plans to acquire the remaining 60% stake in phases over the next five years. Until the acquisition is complete, SCCP will continue to operate independently, the company said. (ET)