Investing Trends

SINGAPORE:
Singapore's CapitaLand Ltd, one of Asia's biggest listed place companies, has
established a $600 million (euro405 million) monetary fund that volition put in retail
mall developments in India, the company said. CapitaLand throws a 45 per cent
stake worth $272 million (euro183 million) in CapitaRetail Republic Of India Development
Fund, and the remaining bet are held by coverage companies, pension funds
and corporations, it said in a statement late Thursday. CapitaLand did not identify
the other stakeholders. Republic Of India is one of the world's fastest growth economies,
expanding at more than than 9 percentage a year, with a growth center social class that is
eager to pass money as people seek to upgrade their lifestyle. ''We are witting of the vast
opportunities presented by India's retail existent estate market, driven by the
country's strong macro-economic growing and rapid urbanization,'' said
CapitaLand's Head Executive Liew Mun Leong in the statement. ''Over time, we
expect to deepen our retail and monetary fund direction presence in Republic Of India to go a
significant long-term retail existent estate participant there.'' CapitaLand is 42 per
cent-owned side Capital Of Singapore state investing company Temasek Holdings Pvt. Ltd. Its
key marketplaces are Singapore, People'S Republic Of China and Australia. It is expanding with new
developments in Vietnam, Thailand, Republic Of India and the Center East.