CapitaLand Investment secures S$261 mn commitment from Mitsui O.S.K. Lines

07 Nov 2024 CW Team

CapitaLand Investment Limited (CLI), a global leader in real asset management, has secured a capital commitment of S$261 million from Mitsui O.S.K. Lines, Ltd. (MOL), a prominent Japanese shipping company. The funding will support CLI’s Southeast Asia (SEA) and India private funds, including the CapitaLand SEA Logistics Fund (CSLF) and the CapitaLand India Growth Fund 2 (CIGF2).

MOL’s investment includes a commitment of $130 million to CSLF, CLI’s first logistics fund focused on SEA, bringing CSLF’s total equity size to S$400 million. Similarly, CLI has closed CIGF2 with a S$131 million contribution from Daibiru Corporation, MOL’s real estate subsidiary. This increases the funds under management (FUM) of both funds to over $1 billion each.

CLI’s strategic focus includes investing in smart logistics infrastructure in SEA and Grade A business parks in India’s gateway cities. Notable assets include the International Tech Park Chennai and OMEGA 1 Bang Na in Thailand, both key projects in their respective markets. CLI remains a key sponsor in both funds, driving growth through an asset-light strategy and maintaining strong alignment with its partners.

Group CEO Lee Chee Koon emphasized the vast potential of markets in SEA and India, driven by urbanization and supply chain digitalisation, and stressed CLI's expertise in sourcing off-market deals and delivering strong returns to investors.

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