CLI and Pruksa Holding invest in wellness and healthcare real estate in SEA | Healthcare Asia Magazine
, Singapore
150 views

CLI and Pruksa Holding invest in wellness and healthcare real estate in SEA

The CapitaLand Wellness fund is expected to inject $1b into CapitaLand Investment.

CapitaLand Investment Limited (CLI) and Pruksa Holding Public Company Limited (PSH) closed the inaugural wellness and healthcare-related real estate fund, CapitaLand Wellness Fund (C-WELL).

For C-WELL, CLI and PSH committed an initial investment of $350m to the fund's target equity size of $500m and they have the option to increase it to $1b in equity and target asset value of $2.9b when fully implemented.

"C-WELL marks the second jointly established fund by CLI and PSH in their continuing strategic partnership following the launch of the CapitaLand SEA Logistics Fund last year. C-WELL is a Southeast Asian anchored value-add fund with an initial focus on Singapore, Thailand, and Malaysia," read the statement. 

The fund targets investments in single or mixed-used assets across the wellness spectrum, comprising residential, lodging, senior living, clinics, medical suites, hospital facilities, and wellness- and lifestyle-oriented living solutions. 

"The fund will also have an allocation for relevant strategic development opportunities in the Asia Pacific region," it added.
 

Follow the link for more news on

Join Healthcare Asia Magazine community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!