CapitaLand Investments and Partners Announce the Establishment of the South East Asia Logistics Fund with a Target Asset Management Scale of 1 billion Yuan
(Morning Post) CapitaLand Investment, in a joint venture with real estate developers in Thailand and Taiwan, will set up a logistics fund with an asset management target of 1 billion yuan, the CapitaLand South East Asia Logistics Fund.
The partners in setting up the fund with CapitaLand Investment are Thai developer Pruksa Holding PCL and Taiwanese logistics real estate developer Ally Logistic Property.
According to a statement released by CapitaLand Group on Monday (December 19), CapitaLand Investments and individual partners have committed an initial capital investment of 200 million 70 million yuan, and have the option to increase the investment to 500 million 40 million yuan, aiming to achieve 1 billion yuan of assets under management. The
statement pointed out that in response to global supply chain disruptions and disruptions, enterprises and production activities continue to migrate to the South East Asia region, and the market demand for South East Asia Grade A logistics real estate has increased significantly. South East Asia currently has a shortage of high-quality logistics assets and fragmented supply chains due to poor integration of players.
CapitaLand Investments will be the management company of this joint logistics fund. The three partners will use their respective strengths and networks to help the fund expand its logistics portfolio in South East Asia.