On Jan 8, CapitaLand Investment announced two initiatives as part of its broader strategy to deepen logistics expertise and accelerate platform growth across Asia Pacific. CLI is taking a minority investment in Ally Logistic Property (ALP), a pioneer in modern smart logistics infrastructure based in Asia, and an existing capital partner in the CapitaLand Southeast Asia Logistics Fund (CSLF). This move complements CLI’s wider logistics initiatives and supports its expansion into high-growth markets, including Australia, Japan and the United States.
At the same time, CSLF is also expanding its portfolio with the acquisition of a 5.1-hectare site in Singapore to develop OMEGA 1 Singapore, an automated logistics facility, for an estimated total development cost of $260 million.
Patricia Goh, CEO, Southeast Asia (SEA) and Global Head, Logistics & Self-Storage, Private Funds, CLI, says: “APAC remains the fastest-growing logistics region, with a projected compound annual growth rate of 15.2% between 2024 and 2030. Structural drivers such as the growth in digitally enabled consumption, ageing population, rising labour costs and supply chain rationalisation continue to fuel demand for modern, automated logistics solutions across the region.”
“Over the past two years, CLI has deployed approximately $500 million into logistics developments across SEA, accelerating the expansion of its regional platform. Our partnership with ALP combines their deep expertise in logistics automation with CLI’s capabilities in fund management, capital raising and deal sourcing, enhancing our ability to capture new growth opportunities across the wider APAC region and the United States,” adds Goh.
