CapitaLand Investment (SGX:9CI) is targeting further large institutional mandates after bagging a SG$2.4 billion real estate portfolio from Income Insurance in April, according to the company's senior executive, Patricia Goh, during an interview with Reuters on Thursday.

Goh said the company's local presence and track record of managing portfolios across diverse sectors were the reason behind the Income Insurance mandate win, according to the report.

The mandate allows the company to manage the insurance provider's existing portfolio and pursue new investments, she said.

Goh revealed that the company is now looking to convert more investors who have developed a better understanding of their operations, the report noted.

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