• Thu. Feb 29th, 2024

    Manulife IM Partners with Indonesia Investment Authority on Infrastructure and Real Estate Investments

    ByNuala Hafner

    Feb 6, 2024
    Manulife IM Partners with Indonesia Investment Authority on Infrastructure and Real Estate Investments

    Manulife Investment Management (Manulife IM) has formed a strategic partnership with Indonesia’s sovereign wealth fund, the Indonesia Investment Authority (INA), with the aim of targeting infrastructure development and real estate opportunities in Indonesia. The partnership will involve investing proprietary capital and raising capital from domestic and international third-party investors.

    While the financial terms of the partnership have not been disclosed, Manulife IM sees significant potential in the Indonesian market and aims to expand its footprint in the Asia Pacific region. The company plans to focus on acquiring, developing, and managing high-quality industrial assets and data centers in collaboration with INA, in line with their sustainability objectives.

    The Indonesia Investment Authority, launched in 2021, has already deployed over $3 billion in investments alongside co-investors such as sovereign wealth funds, pension funds, and asset managers. This partnership with Manulife IM falls within the sovereign fund’s broader efforts to enhance Indonesia’s logistics and digital infrastructure.

    The joint venture reflects the commitment of both parties to responsible, long-term investment and supporting Indonesia’s development in a sustainable manner. By creating value through infrastructure and real estate investments, INA and Manulife IM aim to benefit not only their partners but also the wider Indonesian community.

    This collaboration marks another milestone for Manulife IM in the region. In the past, the company formed a logistics joint venture with Indonesian warehouse specialist PT Mega Manunggal Property and Keppel Fund Management. The venture acquired stakes in several logistics facilities in the Greater Jakarta area, creating a seed portfolio with a total net lettable area of over 163,000 square meters.

    With a strong presence in the Asia Pacific real estate market and assets totaling 14.2 million square feet, Manulife IM is well-positioned to drive sustainable growth and contribute to the development of Indonesia’s infrastructure and real estate sectors.

    FAQ

    1. What is the strategic partnership formed by Manulife Investment Management (Manulife IM)?
    Manulife IM has formed a strategic partnership with Indonesia’s sovereign wealth fund, the Indonesia Investment Authority (INA).

    2. What is the aim of the partnership?
    The aim of the partnership is to target infrastructure development and real estate opportunities in Indonesia.

    3. How will the partnership work?
    The partnership will involve investing proprietary capital and raising capital from domestic and international third-party investors.

    4. What is the focus of Manulife IM’s plans?
    Manulife IM plans to focus on acquiring, developing, and managing high-quality industrial assets and data centers in collaboration with INA, in line with their sustainability objectives.

    5. What is the Indonesia Investment Authority?
    The Indonesia Investment Authority is Indonesia’s sovereign wealth fund, launched in 2021. It has already deployed over $3 billion in investments alongside co-investors such as sovereign wealth funds, pension funds, and asset managers.

    6. What are the broader efforts of the Indonesia Investment Authority?
    The sovereign fund’s broader efforts are to enhance Indonesia’s logistics and digital infrastructure.

    7. What is the significance of the collaboration between INA and Manulife IM?
    The collaboration reflects the commitment of both parties to responsible, long-term investment and supporting Indonesia’s development in a sustainable manner.

    8. What is the previous milestone of Manulife IM in the region?
    Previously, Manulife IM formed a logistics joint venture with Indonesian warehouse specialist PT Mega Manunggal Property and Keppel Fund Management.

    9. What is the focus of Manulife IM’s logistics joint venture?
    The logistics joint venture focuses on acquiring stakes in logistics facilities in the Greater Jakarta area.

    10. What is the total net lettable area of the seed portfolio created by the logistics joint venture?
    The seed portfolio created by the logistics joint venture has a total net lettable area of over 163,000 square meters.

    Key Terms and Jargon

    1. Sovereign wealth fund: A state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, and infrastructure.
    2. Proprietary capital: Capital from the company’s own assets or sources.
    3. Third-party investors: Investors who are not directly involved in the partnership or company.
    4. Logistics facilities: Facilities used for the storage, distribution, and transportation of goods and products.
    5. Net lettable area: The total area available for lease in a property or facility.

    Suggested Related Links
    Manulife IM
    Indonesia Investment Authority