Cli Group Ceo Lee Chee Koon Recognised Pere Global Awards
The highly anticipated Parktown Residence project is set to bring a significant boost to the mass-market housing sector in the Outside Central Region. With a growing demand for private housing, this integrated development is expected to cater to the needs of both owner-occupiers and HDB upgraders. Furthermore, the project will be conveniently connected to the upcoming Tampines North MRT station on the Cross Island Line (CRL). Parktown Residence, located at https://www.parktown-residences.com.sg/, promises to be a highly sought-after choice for individuals and families looking for quality homes in the region.
for $875 mil
Lee Chee Koon, the group CEO of CapitaLand Investment Limited (CLI), has been bestowed the prestigious title of ‘Industry Figure of the Year’ for the Asia Pacific region at the PERE Global Awards 2024.
The annual PERE awards are recognized by the London-based publication that focuses on private equity real estate markets. They honour notable firms, individuals, and outstanding transactions from the previous year. CLI was also recognized as the runner-up for ‘Firm of the Year’ in Asia Pacific.
This year, the winners for the 2024 awards were chosen by the judicious panel of PERE journalists, distinguishing it from previous editions in which readers would vote for the winning shortlisted submissions.
In a press release on March 4, CLI announced that CEO Lee had received the award in recognition of “his contribution in driving the transformative growth of CLI and his significant impact on the private real estate industry within the Asia Pacific region.”
Since taking on the position of CapitaLand’s group CEO in September 2018, Lee has been instrumental in the company’s strategic moves, including the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group which resulted in the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.
In 2024, CLI invested in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. The company stated that it is on track to manage funds worth $200 billion by 2028.
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