CapitaLand Investment has closed its second onshore sub-fund, China Retail RMB Fund I, under the CLI RMB Master Fund, securing RMB1 billion ($183 million) in commitments. The fund is expected to add RMB1.48 billion ($271 million) to CLI's funds under management when fully deployed. CRF I will acquire CapitaMall Xinduxin in Qingdao as its seed asset. The retail property spans 141,000 square metres with 99.6% committed occupancy and direct subway access. CLI will continue managing the asset. Since 2021, CLI has raised nearly RMB55 billion ($10 billion) of domestic capital across nine onshore funds. The company has recapitalised approximately RMB6.7 billion ($1.2 billion) of Chinese assets this year, recycling capital for reinvestment. CLI's first sub-fund closed in September with RMB1.74 billion in funds under management.

CapitaLand Investment Limited (CLI) has listed China's first international-sponsored retail C-REIT, CapitaLand Commercial C-REIT, on the Shanghai Stock Exchange, raising RMB2.3 billion. This strengthens CLI's position in the Asia Pacific market. The IPO is expected to yield a 4.40% distribution for FY 2025. CLI also closed its first sub-fund under the RMB Master Fund, focusing on income-producing assets, with plans for a second sub-fund targeting retail assets in 2025.

CapitaLand Malaysia Trust Target price: 82 sen BUY