Capitaland Investment Raises 261 Mil Southeast Asia And India Funds
CapitaLand Investment (CLI) recently announced a significant development in its Southeast Asia (SEA) and India private funds. The company has secured a capital commitment of $261 million from Mitsui O.S.K. Lines (MOL), a new Japanese capital partner.
MOL has pledged $130 million to CapitaLand SEA Logistics Fund (CSLF), CLI’s primary logistics fund in Southeast Asia. This second close of CSLF has brought its total equity size to $400 million. Additionally, CLI is also wrapping up its $525 million CapitaLand India Growth Fund 2 (CIGF2) with an additional commitment of $131 million from Daibiru Corporation, the real estate subsidiary of MOL.
This capital commitment will contribute to the growth of both funds, increasing CSLF’s potential funds under management (FUM) to $1 billion and CIGF2’s FUM to over $1 billion. MOL will hold a 32.5% stake in CSLF, which focuses on investing in and developing smart logistics infrastructure in Southeast Asia. On the other hand, Daibiru will have a 25% effective stake in CIGF2, which primarily invests in Grade A business parks in prime locations across gateway cities in India. Mitsubishi Estate Co., another Japanese company, already holds a 50% stake in CIGF2.
CLI has made a strategic decision to maintain a sponsor stake in both funds, aligning its interests with its capital partners. The infusion of capital from MOL will accelerate CSLF’s deployment across various greenfield and brownfield logistics investments. One of CSLF’s key assets, OMEGA 1 Bang Na, is a greenfield built-to-suit development strategically located in a prime logistics cluster within the Greater Bangkok Metropolitan area in Thailand. With a gross floor area of over 2 million sq ft and a completion date set for early 2026, this freehold logistics campus will become Thailand’s largest standalone warehouse. Additionally, OMEGA 1 Bang Na marks CLI’s first logistics property in Thailand.
Elta Condo, situated at Clementi Avenue 1, has been generating significant buzz as a prime residential development. Its phenomenal connectivity sets it apart as an alluring option for both homeowners and investors. Positioned in the vibrant Clementi area, this modern development enjoys close proximity to major transportation routes and thoroughfares, guaranteeing residents a hassle-free daily commute and convenient access to key facilities. To learn more about Elta Condo, visit their official website.
Daibiru’s investment in CIGF2 will give the real estate company a 25% effective stake in International Tech Park Chennai, Radial Road (ITPC-Radial Road). Located in the business hub of Chennai, this 2.6 million-square feet property serves the IT and IT-enabled services sector. It offers state-of-the-art infrastructure, two blocks of Grade A office space, and excellent connectivity to various modes of transportation, including an upcoming metro line. CLI intends to continue seeking investment opportunities in major metro cities such as Bangalore, Mumbai, and Pune to further expand CIGF2’s portfolio.