Global investment firm KKR has agreed to sell Japan's Central Tank Terminal Co., Ltd. and Korea's Central Terminal Korea Co., Ltd. to institutional investors. Having acquired CTT in 2021 and CTK in 2023, KKR expanded both bulk storage platforms across Asia. The infrastructure transactions remain subject to customary closing conditions, with financial details unrevealed.
CapitaLand Investment and Ally Logistic Property have broken ground on OMEGA 1 Singapore, a S$260 million logistics development situated in Gul Lane. Set for completion in the second half of 2028, the facility integrates physical real estate with automated systems and artificial intelligence. Funded through the CapitaLand Southeast Asia Logistics Fund, the smart hub aims to enhance regional supply chain resilience and address local land and labour constraints.
Autonomous Solutions, Inc. (ASI) has partnered with SoftBank Group to form a new joint venture aiming to scale autonomous construction equipment for major infrastructure developments. Supported by SoftBank's financial backing alongside a separate $225 million direct investment, the venture will accelerate the commercialisation of hardware and software solutions that allow mixed fleets of heavy machinery from various manufacturers to operate autonomously across complex job sites.
KKR has committed $350 million from its Asset-Based Finance strategy to launch Akrapoint Commercial Capital. The mid-ticket equipment finance company will provide solutions for small and middle-market businesses in sectors such as manufacturing, construction and transportation. Led by Chief Executive Officer Nate Smith and Board Chair Gary Shivers, the platform targets growing demand for vocational assets, speciality trailers and industrial equipment across the US.
KKR and its European industrial platform, Mirastar, have acquired an eight-property UK logistics portfolio from Ares Real Estate funds. Spanning 2.7 million square feet across key distribution hubs like Milton Keynes and Doncaster, the fully occupied assets feature a nine-year weighted average lease term to break. Supported by strong sustainability ratings and investment-grade tenants, the acquisition expands Mirastar’s European presence.
Merritt Properties has broken ground on the third phase of Imeson Landing Business Park in north Jacksonville, Florida. The expansion adds three shallow-bay light industrial buildings totalling 126,500 square feet, expanding the park to 392,700 square feet. Concurrently, Merritt is advancing the second phase of its redevelopment project at Merritt at Gate Parkway, converting vacant offices into modern light industrial units.
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