Ravi Karandeekar's Pune Real Estate Market News Blog: REUTERS SUMMIT-CapitaLand to launch new India, China funds-CEO | Bonds News

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Monday, June 25, 2007

REUTERS SUMMIT-CapitaLand to launch new India, China funds-CEO | Bonds News | Reuters.com

SINGAPORE, June 25 (Reuters) - CapitaLand (CATL.SI: Quote, Profile , Research), Southeast Asia's most valuable developer, is set to launch two more property funds this year that will invest in India and China with initial funds of S$500 million (US$325 million) each, its Chief Executive Liew Mun Leong said on Monday.

"By the end of the year, our assets under management could hit S$17-18 billion," Liew told the Reuters Real Estate Summit in Singapore. He said the group's current assets under management were about S$14 billion........REUTERS SUMMIT-CapitaLand to launch new India, China funds-CEO | Bonds News | Reuters.com