CapitaLand Investment (CLI) has secured S$261 million ($198 million) of capital commitment from a new Japanese capital partner, Mitsui O.S.K. Lines (MOL), for its private funds in Southeast Asia and India.
MOL, a shipping major in Japan, committed S$130 million ($99 million) to CapitaLand SEA Logistics Fund (CSLF), which invests in and develops smart logistics infrastructure in Southeast Asia. This represents the second close of CSLF, bringing its total equity size to S$400 million ($303 million).
CSLF has a seed asset, OMEGA 1 Bang Na, a greenfield built-to-suit development strategically located in a prime logistics cluster within Thailand’s greater Bangkok metropolitan area. With a gross floor area of more than 2 million square feet, the freehold logistics campus consists of two buildings with ambient and cold storage capabilities, as well as an automated storage and retrieval system. It will be Thailand’s largest standalone warehouse when completed.
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