Two years after shutting its corporate venture capital subsidiary, the property developer has put $37.8m into the newly formed CapitaLand Innovation Fund.
Singapore-based real estate developer CapitaLand has launched a S$50m ($37.8m) investment fund focused on sustainability in the “built environment”.
The corporate will deploy capital from the CapitaLand Innovation Fund over the next five years with the aim of fostering sustainability-focused innovation in property development.
Lee Chee Koon, group chief executive officer of CapitaLand (pictured right), said: “Innovation is key to CapitaLand’s business and culture as we seek to deliver sustainable value to our stakeholders.
“The CapitaLand Innovation Fund will enable…
