The transactions follow CapitaLand Wellness Fund’s completion of the joint acquisition of a freehold lodging property in Singapore last month. Upon the completion of the development of OMEGA 1 Bang Na, the total investment value of these four acquisitions will be approximately $700 million, bringing CLI’s funds under management in the region to $1.2 billion.
CapitaLand Investment (CLI) has acquired two industrial properties in Singapore and a freehold greenfield site in Bangkok, Thailand.
The industrial properties are acquired by Extra Space Asia (ESA), the Asia-focused self-storage platform managed by CLI, while the 20-hectare freehold greenfield site OMEGA 1 Bang Na in Bangkok is acquired by CapitaLand SEA Logistics Fund (CSLF).
