CapitaLand to acquire a 40% stake in SC Capital Partners for $214m.

CapitaLand, a global real estate manager and developer, agreed to acquire a 40% stake SC Capital Partners, a real estate investment manager, for $214m. “This acquisition is one of the strategic thrusts to scale up our capabilities and build bench strength across our focus markets, accelerating CLI’s growth as a global real asset manager to create greater value for our stakeholders. CLI and SCCP have complementary portfolios and geographic presence across the Asia Pacific region. The addition of SCCP’s capabilities will further solidify CLI’s foothold in the region,” Chee Koon Lee, CapitaLand CEO.