KUALA LUMPUR: Singapore's CapitaLand Investment Ltd (CLI) has acquired four properties in Southeast Asia from unrelated third parties for a total investment value of S$700 million.
The acquisitions include two industrial properties and a freehold lodging property in Singapore.
In addition, CapitaLand SEA Logistics Fund acquired OMEGA 1 Bang Na, a 20-hectare freehold greenfield site in Bangkok, Thailand.
The company said in a statement that the investments will boost the global real estate investment manager's funds under management in the region to S$1.2 billion.
"Looking ahead, these latest acquisitions are set to fuel the next stage of growth for each of these CLI-managed funds," said Patricia Goh, the chief executive officer of the company's Southeast Asia Investment division.
She said that despite the challenging market conditions, the company has made tremendous progress in deploying capital strategically across Southeast Asia over the past year into assets catering to the self-storage, logistics, and wellness-hospitality sectors.
"These sectors have demonstrated strong secular growth in this region and align with our thematic focus of investing in real estate driven by long-term megatrends such as rapid urbanisation, supply chain rationalisation, evolving consumer preferences, an aging population, and a longevity economy.
"The acquisitions not only demonstrate our deal sourcing and execution capabilities but also underscore our extensive reach and scale in Singapore as we leverage these competencies to expand our presence in the region," she said.
She said looking ahead, these latest acquisitions are set to fuel the next stage of growth for each of these CLI-managed funds.
"We will continue to identify investment opportunities in Singapore, Thailand, and other markets in Southeast Asia, building on our momentum and driving further transformation and growth," added Goh.
