CapitaLand to acquire 40% stake in SC Capital for $209 million
ECONOMY & POLICY

CapitaLand to acquire 40% stake in SC Capital for $209 million

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)

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)

Next Story
Infrastructure Transport

Three New Projects to Boost Connectivity Between Delhi and Katra, Dehradun

The Centre has sanctioned three major infrastructure projects worth Rs 148.50 billion, aimed at improving connectivity between the National Capital Region and key destinations like Katra and Dehradun. These projects are designed to reduce travel time for Delhi residents and ease traffic congestion in several parts of the city, including South East, South West, and East Delhi.The planned developments will address congestion along critical stretches such as the Barapullah flyover, Ring Road, Outer Ring Road (ORR), and other internal roads. They will enhance connectivity between areas like Dwarka..

Next Story
Infrastructure Urban

L&T Secures Key Order for Heavy Civil Infrastructure Unit

The Heavy Civil Infrastructure (HCI) business vertical of Larsen & Toubro has secured a significant order from JSW Energy for the execution of Bhavali Pumped Storage Project (PSP) in the state of Maharashtra.The project is strategically located across the Nashik and Thane districts of Maharashtra and is designed to have a total installed capacity of 1500 MW, comprising various small units.The scope of work encompasses complete execution of all civil works related to the project, including construction of approach roads, upper and lower reservoirs, water conductor system, pressure tunnels, ..

Next Story
Infrastructure Transport

World’s Largest Container Ship MSC Irina Docks at Vizhinjam Port

The world's largest container ship, MSC IRINA, arrived at the Vizhinjam International Seaport in Thiruvananthapuram, marking a major milestone for the port, which was inaugurated by Prime Minister Narendra Modi on May 2. The berthing process for the vessel has commenced.MSC IRINA holds the distinction of being the largest container vessel globally in terms of TEU (Twenty-foot Equivalent Unit) capacity, with the ability to carry 24,346 TEUs. Its arrival is expected to enhance India’s Exim trade competitiveness, especially since it is part of MSC’s core service connecting Asia to Europe.The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?