As part of its recently announced GET+ strategy, fund management will become a more significant part of CDL's capital model, comprising new and existing listed REIT platforms and an expanded private capital platform via funds, partnerships and joint ventures. CDL aims to double its assets under management (AUM), from approximately S$5 billion to S$10 billion by FY2029.

To support this ambition, a dedicated CEO, alongside an investment committee and management team will be responsible for driving AUM growth and financial accountability.

A dedicated CEO will be hired to lead the business. A dedicated investment committee and management team will be responsible for driving AUM growth, fee income and investor outcomes.

Related story: From Strategic Review To Strategic Action: CDL Charts Next Chapter Of Value Creation With GET+

As of 30 June 2026, CDL had around S$5 billion in AUM. This comprises S$3.5 billion under CDL Hospitality Trusts (or 22 properties across Asia Pacific and Europe), S$1.2 billion under IREIT Global (or 53 properties across Europe), and S$300 million in private funds (based on its attributable share).

CDL believes its portfolio of real estate assets and operating expertise can provide a strong pipeline of investment opportunities for future funds. Selected assets from the Group's portfolio may be seeded into investment vehicles alongside third-party capital, creating a more capital-efficient model while enabling CDL to continue participating in future growth opportunities.

Speaking at a media and analyst briefing on CDL's Strategic Review Outcome, CDL's Group CEO, Mr Sherman Kwek said that fund management, together with active capital recycling, will help the company CDL become "more nimble" while strengthening recurring fee-based earnings and improving return on equity.

The initiative represents another key pillar of CDL's strategy to enhance financial flexibility, diversify income streams and support sustainable long-term growth.