ESR, INA deepen logistics push with two Cikarang facilities
The push comes as growing logistics and manufacturing activity drives demand for modern warehouse space in Indonesia.
ESR, a real estate asset owner and manager, and INA, Indonesia's sovereign wealth fund, are expanding their logistics partnership with the construction of two facilities in Cikarang, West Java. The push comes as demand for modern warehouse space grows due to increasing manufacturing and e-commerce activity in Indonesia. The two companies, along with other capital partners, are jointly investing in the projects, as the freight and logistics market is projected to surpass US$188 billion by 2031.
ESR's head of Southeast Asia, Jai Mirpuri, stated that Indonesia is one of Southeast Asia's most attractive markets due to its strong growth drivers. The newly developed Grade A facility, Cikarang Logistics Park 4, is scheduled for completion in 2027 and is expected to be the largest non-captive modern warehouse in the Jababeka area.
The facility aims to cater to global and regional third-party logistics operators, as well as multinational manufacturers seeking warehouse space near industrial clusters and established supply-chain networks.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
