Singapore, 23 April 2026 – CapitaLand Investment Limited (CLI), a leading global real asset manager, has secured the investment mandate to manage Income Insurance Limited’s (Income Insurance) direct real estate portfolio. The portfolio comprises retail, commercial and industrial assets held directly by Income Insurance and through its joint ventures.
As investment manager, CLI will leverage its deep portfolio management capabilities to enhance the performance of Income Insurance’s existing real estate assets in Singapore, while actively seeking and evaluating new investment opportunities for Income Insurance across the Asia Pacific region.
The new investment mandate adds to CLI’s strong deal momentum in Singapore, with over S$12.1 billion of transactions in 2025 and year-to-date 2026. CLI continues to invest in its home market, Singapore, as it pursues capital recycling across multiple asset classes to drive higher returns for investors. This includes the joint acquisition of Ascent, a premium business space property, by CapitaLand Ascendas REIT (CLAR) and a global sovereign wealth fund (SWF) for a total purchase consideration of S$490 million. Most recently, CapitaLand Integrated Commercial Trust (CICT) announced the divestment of Asia Square Tower 2 for S$2.5 billion and the acquisition of Paragon for S$3.9 billion. These transactions not only drive fee related revenue for CLI, but more importantly, demonstrate CLI’s scale, network and proven ability to connect leading global institutional investors with high-quality investment opportunities in Singapore.