- CapitaLand Investment Limited (CLI) raises S$261M from Mitsui O.S.K. Lines, Ltd. (MOL) for Southeast Asia and India funds.
- The CapitaLand and Mitsui deal aims to increase funds under management to over S$2 billion.
- MOL’s investment signals strong growth potential in Southeast Asia and India’s logistics and business park sectors.
A major Japanese shipping company invests millions in Singapore’s CapitaLand, boosting its presence in Southeast Asia and India’s booming property markets.
CapitaLand’s Big Money Boost
On 5 Nov 2024, CapitaLand Investment Limited (CLI) got a big money boost.
A Japanese shipping giant, Mitsui O.S.K. Lines, Ltd. (MOL) and its subsidiary, promised to give them S$261 million.
This money will help CLI grow its business in Southeast Asia and India.
According to CapitaLand, Mr Lee Chee Koon, Group CEO of CLI, said, “We welcome MOL onboard as a key capital partner. Having MOL place their trust in CLI is a testament to our strengths in connecting capital partners with investment opportunities across geographies and asset classes.”
Where Will the S$261M Go?
The S$261 million will be split between two funds:
- S$130 million for the CapitaLand SEA Logistics Fund (CSLF)
- S$131 million for the CapitaLand India Growth Fund 2 (CIGF2)
This money will help CLI manage over S$2 billion in these two funds.
MOL will own 32.5% of CSLF.
Daibiru Corporation, a part of MOL, will own 25% of CIGF2.
CapitaLand and Mitsui Big Plans for SEA & India
CLI sees a lot of growth in Southeast Asia and India.
Mr Lee Chee Koon explained, “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.”
This move shows CLI’s strong commitment to sustainability and growth in these regions.
Exciting Projects in the Works
CLI has some big projects planned with this new money:
| Project | Location | Details |
|---|---|---|
| OMEGA 1 Bang Na | Greater Bangkok, Thailand | 2 million square feet warehouse, Thailand’s largest |
| International Tech Park Chennai, Radial Road | Chennai, India | 2.6 million square feet business park, India’s first Net Zero business park |
These projects show CLI’s focus on modern, eco-friendly buildings.
CLI’s Big Presence in Asia
CLI is already a major player in Asia:
- Over 370 properties in seven Southeast Asian countries
- S$41 billion under management in Southeast Asia
- Over 40 IT and business parks in India
- S$7 billion under management in India
This new investment will help CLI grow even more in these important markets.
Mr Lee Chee Koon also noted, “The logistics market in SEA continues to demonstrate strong fundamentals amid a limited supply of prime assets in key locations.”
This shows why companies like MOL are keen to invest in CapitaLand’s projects.
Do you think this S$261 million investment will significantly boost Singapore’s presence in the Southeast Asian and Indian property markets?
