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

25 Nov 2024 CW Team

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)

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..