CapitaLand Investment (CLI), Ally Logistic Property (ALP) and Pruksa Holding PCL (PSH) have launched a S$1 billion ($736 million) logistics fund.
With more than 50 years of collective experience in the industry, CLI, ALP and PSH are positioned to identify and capitalize on attractive logistics infrastructure investment opportunities in the growing Southeast Asia market. CLI, ALP and PSH have committed an initial equity investment of S$270 million ($199 million) to the CapitaLand SEA Logistics Fund (CSLF), and have the option to increase their investment up to S$540 million ($397 million)
“CLI firmly believes in the long-term growth potential of the smart logistics infrastructure as a strong alternative asset class that will benefit from the favorable economic fundamentals in Southeast Asia,” said Patricia Goh, managing director, SEA of Capitaland Investment. “The partnership will strengthen our global logistics ecosystem catering to requirements from a full spect
