CLI CEO Lee Chee Koon has been named as the ‘Industry Figure of the Year’ for Asia Pacific at the prestigious PERE Global Awards 2024. CLI, a subsidiary of CapitaLand Investment Limited, also received the runner-up award for ‘Firm of the Year’ in the same region.
These annual awards, organised by the London-based publication covering private equity real estate markets, recognise top firms, individuals and notable deals from the past year. For the 2024 edition, the winners were chosen by a panel of PERE journalists, a change from the previous format where readers voted for the shortlisted nominees.
CLI expressed their delight in a press release on March 4, highlighting CEO Lee’s contributions in driving the company’s transformative growth and his significant impact on the private real estate industry in the Asia Pacific region. Lee took over as CapitaLand’s group CEO in September 2018, and has since made strategic moves such as the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group, resulting in the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.
In addition to these achievements, CLI also invested in real estate investment manager SC Capital Partners Group in 2024 and acquired Wingate Group Holdings’ property and corporate credit investment management business. With a target of managing $200 billion in funds by 2028, CLI is on track towards its goal.