Capitaland Investment Raises 261 Mil Southeast Asia And India Funds
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CapitaLand Investment (CLI) has recently announced a new partnership with Mitsui O.S.K. Lines (MOL), a major Japanese corporation. MOL has committed to investing $130 million in CapitaLand SEA Logistics Fund (CSLF), CLI’s first logistics fund in Southeast Asia. This brings the total equity size of CSLF to $400 million, making it the second close of the fund.
In addition, CLI is closing its CapitaLand India Growth Fund 2 (CIGF2) which has a total capital commitment of $525 million, with a contribution of $131 million from Daibiru Corporation, the real estate subsidiary of MOL.
The capital commitment from MOL will increase the potential funds under management (FUM) for both CSLF and CIGF2 to over $1 billion each. MOL will hold a 32.5% stake in CSLF, which focuses on investing in and developing smart logistics infrastructure in Southeast Asia. Daibiru will have a 25% effective stake in CIGF2, which invests in Grade A business parks in prime locations in India. Mitsubishi Estate Co. already holds a 50% stake in CIGF2.
CLI will continue to have a sponsor stake in both funds, as part of its asset-light growth strategy, while maintaining alignment with its capital partners’ interests. The partnership with MOL will allow CSLF to speed up its investments in a variety of greenfield and brownfield logistics projects.
One of the seed assets of CSLF is OMEGA 1 Bang Na, a greenfield built-to-suit development strategically located in a prime logistics cluster within the Greater Bangkok Metropolitan area in Thailand. When completed, this freehold logistics campus, spanning over 2 million sq ft, will be Thailand’s largest standalone warehouse. It also marks CLI’s first logistics property in Thailand. The construction of Phase 1 is expected to be completed in early 2026.
Daibiru’s investment in CIGF2 will grant the real estate company a 25% effective stake in International Tech Park Chennai, Radial Road (ITPC-Radial Road). Situated in the business hub of Chennai, ITPC-Radial Road provides two blocks of Grade A office space and state-of-the-art infrastructure, and is well-connected with all modes of transport, including the upcoming metro line. CLI plans to continue seeking investment opportunities in major metro cities like Bangalore, Mumbai, and Pune to expand CIGF2’s portfolio.