Patricia Goh, chief executive officer of Southeast Asia Investment at CapitaLand Investment
Singapore’s CapitaLand Investment is setting up a S$350 million ($256 million) fund with Thai developer Pruksa Holding to invest in wellness and healthcare-related real estate assets in Southeast Asia.
After the initial joint commitment, CapitaLand Investment Wellness Fund (C-Well) is targeting a fund size of S$500 million with an option to expand the investment to S$1 billion. In a statement on Tuesday, the partners said the fund will initially focus on Singapore, Thailand, and Malaysia as they targeting an asset value of S$2.9 billion for the fully deployed vehicle.
“This is an opportune time to expand our footprint into wellness and healthcare-related real estate in Southeast Asia, one of the fastest growing regions in the world,” said Patricia Goh, chief executive officer for…
