Fundraising

CapitaLand raises $553m

The firm has announced two yuan-denominated funds.

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Fund name: China Business Park Core RMB Fund I and II
Amount raised: 4 billion yuan ($553 million; €552 million)
Number of investors in the funds: 10

CapitaLand has raised 4 billion yuan in total for China Business Park Core RMB Fund I and China Business Park Core RMB Fund II. The fund will invest in industrial, office and diversified businesses in Asia-Pacific with core strategy.

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