SINGAPORE : Singapore-based real estate firm CapitaLand Investment and Thai property developer Pruksa Holding said they have set up an up to S$1 billion ($730.4 million) wellness and healthcare-related real estate fund targeting Southeast Asia.
The companies have together committed an initial equity investment of S$350 million to the fund, called CapitaLand Wellness Fund, according to a joint statement on Tuesday.
The setting up of the fund comes against the backdrop of a growing ageing population and rising healthcare spending in Southeast Asia. CapitaLand Wellness Fund marks the second jointly established fund by the companies after the launch of the CapitaLand SEA Logistics Fund last year.
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