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.

Follow the link for more news on

CapitaLand Investment Limited

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia