CapitaLand raises $2 bil to establish third Raffles City China private equity vehicle

SINGAPORE (Oct 25): CapitaLand has announced the establishment of its third integrated development private investment vehicle in China, Raffles City China Investment Partners III (RCCIP III) – which fully closed at US$1.5 billion ($2 billion) and has a life of eight years.

Managed by the group’s subsidiary CapitaLand Fund Management, the vehicle will invest in prime integrated developments in gateway cities in China.

In a Tuesday filing, CapitaLand says it will subscribe 41.7% sponsor stake in RCCIP III.

---

Related Stories

• PropNex dominates real estate category yet again
• CICT's manager proposes to acquire ION Orchard at $1.85 billion, subject to EGM
• CapitaLand, Keppel and Mapletree go asset-light and take flight with an interest rate tailwind

---