Pruksa-Partners Raise additional capital of 3,250 m
“Pruksa Holding-Capital Land Investment Group-Ally Logistics Property”, 3 giant partners ready to move forward to strengthen the fund “CapitaLand SEA Logistics Fund”, join forces with Japanese giants, bring “Mitsui (Mitsui O.S.K. Lines)” to hold 32.5% of the fund with additional capital of 3,250 million, starting with pushing the mega project “Omega Bangna Logistics Campus” to be a complete logistics center in the region, responding to the e-commerce boom era, and moving forward to invest in logistics infrastructure to create a logistics network infrastructure connecting Thailand, Singapore, Malaysia, Vietnam, creating a new standard for logistics in ASEAN.
Mr. Uten Lohachitpitak The Group Chief Executive Officer of Pruksa Holding Public Company Limited (PSH) revealed that previously, Pruksa Holding had joined hands with CapitaLand Investment Group (CLI), a global real estate investment management giant from Singapore, and Ally Logistic Property (ALP), a provider of integrated warehouse solutions in the logistics industry in Taiwan, to establish CapitaLand SEA Logistics Fund, which aims to invest in and develop real estate assets for industries and logistics in ASEAN, and to create a platform to provide infrastructure as a service, one of the most significant upgrades for investors in the real estate market. With an initial fund of approximately 6.75 billion baht and an option to increase investment up to approximately 13.5 billion baht, and a target value of real estate under management of over 25 billion baht, in April this year, CapitaLand SEA Logistics Fund began construction of the Omega Bangna Logistics Campus project, a fully integrated warehouse with modern logistics technology and integrated solution services, worth a total of 8.43 billion baht, with a warehouse area of ??over 200,000 square meters in the Bangna area, Samut Prakan Province, to accommodate the rapidly expanding demand of Thai and international customers. This is the first mega project after the establishment of the CapitaLand SEA Logistics Fund.
Most recently, the CapitaLand SEA Logistics Fund has expanded its cooperation by bringing in Mitsui OSK Lines (MOL), a major Japanese shipping company. Joint investment of over 3,250 million baht, proportion at 32.5% and after this joint investment, Capital Land holds the fund 33.75%, Pruksa Holding 27% and Ally Logistics 6.75%, helping to strengthen the fund with potential and cooperation in connecting transportation, service and expanding the customer base that MOL already has. This additional capital will be used to develop the project, create the Omega network, which will introduce innovation and create a new standard for logistics services in ASEAN. It is expected that the construction of the first phase at Bangna will be completed in early 2026.
“Expanding the business into the logistics industry will help strengthen Pruksa Holding’s strategy to have potential and grow. There will be income from various businesses. Currently, real estate logistics is considered to have continuous growth from increasing online trading behavior. In addition to Omega Bangna Logistics Campus, the four partners of CapitaLand SEA Logistics Fund will continue to invest in logistics infrastructure in Thailand, Singapore, Malaysia and Vietnam to meet the market demands in each region,” said Mr. Uten.
The Omega Bangna Logistics Campus project was designed by Ally Logistic Property, a partner of CapitaLand SEA Logistics Fund. This project is a large-scale automated warehouse that centralizes warehouse systems, consisting of two general warehouses and one refrigerated and frozen warehouse. The project is divided into a management area for warehousing and shipping, and a fully unmanned area for pallet storage and loading docks used for transport and storage of goods.
In addition, Omega Bangna Logistics Campus has a vaulted ceiling structure to maximize space utilization. It can handle goods from multiple customers simultaneously, allowing for expansion and contracting of storage space and charging per pallet based on the actual demand and supply of goods from each customer. The warehouse is also equipped with state-of-the-art automated goods handling equipment, such as electric cranes, automatic control shelves and automatic guided vehicles.
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