CapitaLand Investment acquires three properties in Singapore and Thailand

Set to be Thailand’s largest standalone storehouse, the current ramp-up campus are going to be controlled by Ally Logistic Property when finalized. Development is set up to commence in 1H2024, with step one projected to be finished in 2026.

ESA is readied to expand its portfolio in Singapore with approximately 320,000 sq ft in gross flooring space by the end of 1Q2024. Upon completion of the procurements, ESA intends to convert both properties right into self-storage facilities in stages, supplying air-conditioned units and centers for wine storage.

CapitaLand Investment (CLI) has recently obtained two industrial real properties in Singapore and a freehold greenfield site in Bangkok, Thailand.

The industrial assets are purchased by Extra Space Asia (ESA), the Asia-focused self-storage platform handled by CLI, while the 20-hectare freehold greenfield site OMEGA 1 Bang Na in Bangkok is bought by CapitaLand SEA Logistics Fund (CSLF).

At the same time, OMEGA 1 Bang Na is CLI’s primary logistics property in Thailand. As a built-to-suit project, CSLF will likely establish an advanced automated logistics campus with a gross floor space of 2.47 million sq ft, with the ability of settling over 150,000 pallet settings in an automated storage space and retrieval system.

Sky Eden condo

Looking forward, these newest procurements are set to feed the following stage of growth for each of these CLI-managed funds, shares CLI Southeast Asia Investment CEO Patricia Goh.

The sales follow CapitaLand Wellness Fund’s completion of the mutual procurement of an estate lodging real estate in Singapore previous month. Upon the finalization of the property development of OMEGA 1 Bang Na, the overall investment worth of these four purchases will most likely be approximately $700 million, taking CLI’s finances within management in the region to $1.2 billion.

“By incorporating our capability of value creation with best-in-class working abilities and drawing on the sector-specific industry knowledge of our resources partners and managers, these account are positioned to provide favorably to our fee-related revenues and create sustainable gains to our clients,” she adds.


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