CapitaLand Investment (SGX:9CI) is targeting doubling of its funds under management to SG$200 billion by 2028 while raising operating earnings to more than SG$1 billion by 2028-2030, according to a filing with the Singapore Exchange on Monday.
The real estate investment firm expects the growth to be driven mainly by optimizing operations of its fee income-related businesses.
The company is looking to expand its REITs platform, drive private funds growth and scaling in lodging and commercial management through new listings and mergers and acquisitions.
Meanwhile, the company is expected to increase its funds under management by SG$11 billion to SG$113 billion once it completes its investment of a 40% stake in SC Capital Partners Group.