Photo from CapitaLand Investment

CLI fee revenue rises 10% to $310m in Q1 on listed funds growth

The group raised $2.5b and deployed $7.2b into logistics, retail, and living assets.

CapitaLand Investment (CLI) posted a 10% year-on-year increase in fee-related revenue to $310m in the first quarter of 2026, on the back of strong listed funds growth.

Total revenue for the quarter stood at $487m, the company said in a press release.

CLI raised about $2.5b in equity across its listed and private funds during the period. It deployed approximately $7.2b and divested $3.4b.

The group completed $6.9b in acquisitions spanning retail and business park assets, logistics properties in the US, Spain, and Singapore, as well as living and digital infrastructure assets in Japan.

It also divested $2.9b of assets, including a commercial office in Singapore’s central business district and a suburban retail property.

Meanwhile, the group is progressing towards a second China REIT listing on the Shanghai Stock Exchange.

CLI said it will focus on lodging and living, logistics and self-storage, and real estate credit, focusing on Singapore, Japan, and Australia.

In its private funds business, the group secured a $2.4b mandate to manage Income Insurance’s Singapore real estate portfolio, and clinched a final close of about $400m for its Asia Pacific Credit Program II

In addition, it raised $109m for a Singapore business park through a separately managed account backed by a sovereign wealth fund.

CLI’s lodging arm, The Ascott Limited, signed approximately 1,800 units and opened more than 2,250 units in the quarter.  Revenue per available unit rose 3%, supported by a three-percentage-point increase in occupancy.

Ascott is targeting more than 25 property openings across Southeast Asia over the next 12 months.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.