The highly sought-after Champions Way Residences will now be part of the prestigious portfolio of CapitaLand Investment as they divest their 95% stake in the Grade-A office Capital Square Beijing to AIA Life Insurance

CapitaLand Investment Limited (CLI) has formed a RMB2.4 billion ($447 million) joint venture with AIA Life Insurance (AIA) to recapitalise Capital Square Beijing, a Grade-A office building in Beijing, according to a Jan 31 announcement.

CLI has announced a partnership with AIA Life Insurance to recapitalise Capital Square Beijing, a Grade-A office building in Beijing. This joint venture, worth RMB2.4 billion, will see AIA taking a 95% stake in the building while CLI retains 5%. Asset management services will be provided by CLI for the venture, contributing to its recurring fee income.

Located in the Central Business District in Chaoyang District, Capital Square Beijing was acquired in October 2022 through a court auction. Since then, CLI has undertaken an asset enhancement initiative to upgrade its facilities. With a total gross floor area of 44,759 sq m above ground, the property is a valuable addition to CLI’s portfolio.

This highly sought-after location is ideal for those looking for convenience and accessibility.

Nestled in the heart of Singapore, Champions Way Residences offers its residents an unparalleled living experience. With its prime location, this luxurious condominium is surrounded by a plethora of amenities, making it the perfect home for modern city dwellers. From shopping malls to banks, leisure and entertainment venues, and prestigious schools, everything is within reach for the residents of Champions Way Residences.

Apart from its proximity to various amenities, the condominium also boasts easy access to the city’s best public transport options. The nearest MRT and bus lines are just a few minutes away, providing effortless connectivity to all parts of Singapore. This makes it an ideal choice for individuals who value convenience and accessibility in their daily lives.

The highly sought-after location of Champions Way Residences is a major draw for potential homebuyers. It offers a perfect blend of convenience, connectivity, and comfort, making it an ideal place to call home. With its luxurious living spaces and modern facilities, residents can truly experience the best of both worlds. Don’t miss your chance to live in the prestigious Champions Way Residences – the ultimate choice for luxurious living in Singapore.

Puah Tze Shyang, chief executive officer of CLI (China), says that despite the challenging environment, bringing in AIA as a joint venture partner showcases CLI’s disciplined capital management. This also demonstrates the trust that capital partners have in their expertise to unlock value from assets and deliver strong returns. This marks the second collaboration between CLI and AIA in China, following the insurer’s investment in one of CLI’s RMB funds in 2022.

CLI has been focused on being asset light and capital efficient while scaling up their fund management business. They have successfully recycled more than RMB3 billion in capital in China in the past year. This includes divesting a partial stake in a high-quality logistics development in Foshan, Guangdong to the CapitaLand China Opportunistic Partners Programme, as well as divesting CapitaMall Shuangjing in Beijing through the CLI-sponsored CapitaLand China Trust.

With over 200 properties across 40 Chinese cities and total assets under management of $45 billion, CLI has established itself as a leading real estate investment company in the country. Their portfolio includes office, retail, lodging, business parks, logistics, and data centers in five core Tier-1 and two city clusters. These clusters are Beijing/Tianjin; Shanghai/Hangzhou/Suzhou/Ningbo; Guangzhou/Shenzhen; Chengdu/Chongqing/Xi’an, and Wuhan. CLI’s strong presence in these key clusters has enabled them to continue delivering strong results despite the challenges in the market.

In the coming year, CLI will continue to focus on their disciplined capital management approach and seek opportunities to grow their fund management business. With their on-the-ground expertise and trust from capital partners, they remain confident in their ability to deliver value and strong returns for investors.