for $391 milLee Chee Koon, the CEO of CapitaLand Investment Limited (CLI), has been recognised as the ‘Industry Figure of the Year’ for Asia Pacific at the annual PERE Global Awards 2024. The prestigious awards, presented by PERE, a London-based publication focusing on private equity real estate markets, aim to honour influential firms, individuals and standout deals from the past year. CLI also received the runner-up award for ‘Firm of the Year’ in Asia Pacific.In contrast to previous editions, where PERE shortlisted candidates and then requested readers to vote for the winners, the 2024 awards were evaluated by a judging panel of PERE journalists. A March 4 press release by CLI stated that CEO Lee was chosen for the award in recognition of “his instrumental role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region.”Since Lee assumed the role of group CEO of CapitaLand in September 2018, the company has witnessed significant growth under his leadership. Key strategic moves include the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group, which resulted in the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development. CLI also invested in real estate investment manager SC Capital Partners Group in 2024 and purchased Wingate Group Holdings’ property and corporate credit investment management business. The company has set a goal of managing $200 billion in funds by 2028.
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