Singapore Mall Builder Raises $1B China Fund, Largest Ever

Law360, New York (July 02, 2012, 1:26 PM ET) -- Singapore-based CapitaMalls Asia Ltd. has partnered with institutional investors from Asia and North America to raise a $1 billion private equity fund for retail real estate development in China, CapitaMalls announced Monday.

The fund, called CapitaMalls China Development Fund III, is the largest investment vehicle the mall developer has established to date. It will invest in the development of shopping malls and other retail-oriented properties in China over the next eight years, taking advantage of the country's effort to make domestic consumption the focus of economic...
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