CapitaLand Investment (CLI) has significantly expanded its logistics portfolio in Southeast Asia with two strategic acquisitions in Singapore worth a total of S$260 million (€173.5 million). CLI acquired a minority stake in Ally Logistic Property (ALP), an existing capital partner in the CapitaLand Southeast Asia Logistics Fund (CSLF). This acquisition is designed to complement CLI’s broader logistics strategy and fuel its expansion into high-growth markets such as Australia, Japan, and the US.
Patricia Goh, CEO of Southeast Asia and global head of logistics & self-storage at CLI, emphasized the importance of the partnership with ALP, which combines ALP’s expertise in logistics automation with CLI’s strengths in fund management, capital raising, and deal sourcing. She highlighted that, over the past two years, CLI has deployed approximately S$500 million into logistics developments across Southeast Asia, accelerating the expansion of its regional platform.
Goh also noted that Asia Pacific remains the fastest-growing logistics region, with a projected compound annual growth rate of 15.2% between 2024 and 2030. Key drivers of this growth include the rise in digitally-enabled consumption, an aging population, increasing labor costs, and supply chain rationalization, all of which are fueling demand for modern, automated logistics solutions.
Charlie Chang, co-founder and CEO of ALP, emphasized the company’s end-to-end capabilities, which include real estate development, automation, operations, and maintenance. ALP’s OMEGA platform, which integrates artificial intelligence, advanced robotics, and proprietary technology, offers one-stop smart logistics solutions across the supply chain and reduces operational inefficiencies. Chang expressed excitement about leveraging CLI’s global resources to accelerate ALP’s expansion across APAC and beyond.
In addition, CSLF plans to develop a fully automated five-story logistics facility on a 5.1-hectare site in Singapore’s Jurong Industrial Estate. The facility, named OMEGA 1 Singapore, will be completed in 2028 and will be fully leased to ALP under a long-term master lease with built-in rent escalation. The Jurong site is home to a diverse range of logistics operators and manufacturers, making it a strategic location for the new development.
Launched in 2022, CSLF is CLI’s first logistics-focused fund in Southeast Asia, aimed at investing in and developing smart logistics assets across the region. As of now, approximately 55% of CSLF’s assets under management are in Singapore, with the remaining assets located in Thailand and Vietnam.
