CapitaLand Investment Limited (CLI) has secured S$261m (€182m) capital commitment from a Japanese capital partner, Mitsui OSK Lines (MOL), for its Southeast Asia (SEA) and India private funds.
MOL’s investment of S$130m in CapitaLand SEA Logistics Fund (CSLF), marks the fund’s second close, bringing its total equity size to S$400m. MOL now holds a 32.5% stake in CSLF, which invests in and develops smart logistics infrastructure in SEA.
Daibiru Corporation, the real estate subsidiary of MOL, has invested S$131m in the CapitaLand India Growth Fund 2 (CIGF2), which also closed with total raising of S$525m. The investment gives Daibiru a 25% effective stake in CIGF2, which invests in Grade A business parks in prime locations across gateway cities in India.
Daibiru’s investment in CIGF2 will see the real estate company take a 25% stake in International Tech Park Chennai, Radial Road.
Another Japanese firm, Mitsubishi Estate Co, holds a 50% stake in CIGF2. CLI continues to maintain a sponsor stake in both funds as part of its asset-light growth strategy while keeping alignment with the interests of its capital partners.
Following the latest equity commitments, both CLSF and CIGF2 will have more than S$1bn each in funds under management.
Lee Chee Koon, Group CEO, CLI, said: “Our core markets of SEA and India have tremendous growth potential as rising urbanisation, supply chain rationalisation, and digitalisation continue to drive demand for assets such as logistics and business parks.
“CLI’s fund and asset management expertise, coupled with strong on-the-ground execution capabilities, in Japan, India and across the diverse markets in SEA enables us to source for off-market deals and create value for our partners.”
CSLF is seeded with OMEGA 1 Bang Na, located within the Greater Bangkok Metropolitan area in Thailand. With a gross floor area of over 2m sqft, it will be Thailand’s largest standalone warehouse when completed.
OMEGA 1 Bang Na is CLI’s first logistics property in Thailand. Phase 1 of the construction is expected to be completed in early 2026.
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