CapitaLand invests in ALP, develops 5.1-hectare Singapore facility

It is expanding logistics into other markets and developing the facility for about $260m.

CapitaLand Investment Limited (CLI) announced that it made a minority investment in Ally Logistic Property (ALP) and acquired a 5.1-hectare site in Singapore to develop a logistics facility for $260m.

ALP is an Asia-based logistics infrastructure and an existing capital partner in the CapitaLand Southeast Asia Logistics Fund (CSLF), CLI said in a bourse filing.

The investment is part of CLI’s logistics expansion into Australia, Japan, and the United States, it added.

CSLF is also expanding its portfolio with the acquisition of a 5.1-hectare site in Singapore to develop OMEGA 1 Singapore automated logistics facility, for an estimated total development cost of $260m.

“APAC remains the fastest-growing logistics region, with a projected compound annual growth rate of 15.2% between 2024 and 2030, said Patricia Goh, Southeast Asia and global head, logistics and self-storage, private funds, CLI.

“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,” Goh added.

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CapitaLand Investment Limited

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