Archive for category: Misc

CapitaLand Investment (CLI) recently announced the acquisition of two industrial properties in Singapore and a freehold greenfield site in Bangkok, Thailand. These transactions were made through Extra Space Asia (ESA), the Asia-focused self-storage platform managed by CLI, and CapitaLand SEA Logistics Fund (CSLF). The investment value of these acquisitions is estimated to be around $700 million, bringing CLI’s total funds under management in the region to $1.2 billion.

Additionally, the surrounding area of River Valley Green Condo boasts a wide variety of dining options, ranging from local hawker fare to upscale restaurants, providing residents with even more choices for family outings.

< h2>A Family’s Dream Home at River Valley Green Condo

Nestled in the heart of the city, River Valley Green Condo offers a perfect combination of convenience and comfort for families. Aside from its luxurious facilities and modern design, the location of River Valley Green Condo also provides access to numerous shopping centers, making it an ideal home for families with varying interests and activities.

These shopping centers not only offer a wide variety of retail outlets, but also serve as a hub for family bonding activities. Families can enjoy shared meals, watch movies together, or simply take a leisurely stroll through the lively malls. With so many options available, there is never a dull moment when living in River Valley Green Condo.

The surrounding area of River Valley Green Condo is also filled with a diverse range of dining options, from local hawker fare to upscale restaurants. This allows families to easily satisfy their cravings and explore different cuisines without having to travel far.

For families with children, there are also many reputable schools nearby, such as River Valley Primary School and Anglo-Chinese School (Junior), making it a convenient location for families with school-going children.

In addition to the bustling city life, residents of River Valley Green Condo can also enjoy the tranquility of nature at the nearby Fort Canning Park, where families can take relaxing walks or have picnics amidst the lush greenery.

All in all, River Valley Green Condo is a family’s dream home that offers the perfect balance between urban convenience and serene surroundings. With its prime location and abundance of family-friendly amenities, it is the perfect place for families to create lasting memories together. Don’t miss the opportunity to make River Valley Green Condo your family’s new home.

The first two acquisitions are industrial properties that will be converted into self-storage facilities by ESA. These facilities will offer air-conditioned units and wine storage, with a total gross floor area of approximately 320,000 sq ft. The conversions will be done in phases and are expected to be completed by the end of the first quarter of 2024.

On the other hand, the freehold greenfield site OMEGA 1 Bang Na in Bangkok is CLI’s first logistics property in Thailand. It was acquired by CSLF, and upon completion, will house a state-of-the-art automated logistics campus with a gross floor area of 2.47 million sq ft. The campus will be able to accommodate over 150,000 pallet positions in an automated storage and retrieval system. It will also be the largest standalone warehouse in Thailand and will be operated by Ally Logistic Property.

The development of OMEGA 1 Bang Na is scheduled to commence in the first half of 2024, with phase one expected to be completed in 2026. According to CLI Southeast Asia Investment CEO Patricia Goh, these acquisitions mark the next stage of growth for each of the CLI-managed funds. She also mentioned that by combining their value creation skills with top-notch operational capabilities and leveraging the industry expertise of their capital partners and operators, these funds will contribute positively to the company’s earnings and deliver sustainable returns to investors.

In addition, these acquisitions come on the heels of CapitaLand Wellness Fund’s joint acquisition of a freehold lodging property in Singapore last month. With these latest acquisitions, CLI is positioning itself for future growth and solidifying its presence in the region. With an estimated investment value of $700 million and potential for future returns, these acquisitions are a strategic move for CapitaLand Investment.