Malaysia
The offer prices IJM’s shares at 3.15 ringgit apiece, a 14.5% premium to the stock’s last close on Friday.
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Singapore
It is also committing $202m to build an automated facility in Singapore.
India
The proposed investment includes up to $25 million in CCDs and up to $25 million in debt.
Existing investors will sell units worth $111.4m.
Rest of Asia
The new fund’s first portfolio includes $200m worth newly built assets in Tokyo and Osaka.
The investment will support the company’s manufacturing facility in Gujarat.
It will buy the properties from ESR-REIT.
The fund will focus on managing commercial properties in the city state.
Private credit is plugging the infra financing gap, said Rajan in Singapore.
CPP Investments holds a 93% stake in the JV named IndoSpace Core.