Global infrastructure investor I Squared Capital has made a strategic move into Indonesia’s logistics and cold storage sector by acquiring Cella from NWP Property and CRE. This acquisition marks the launch of a new industrial logistics and cold storage platform in the country, signaling the firm’s confidence in the region’s rapidly expanding cold chain market.

Strategic Expansion into Indonesia’s Cold Chain Market

The deal, announced on August 6, 2026, underscores I Squared Capital’s commitment to building a robust cold storage network in Southeast Asia. Indonesia, with its vast archipelago and growing middle class, has seen a surge in demand for temperature-controlled logistics, driven by e-commerce, food delivery, and pharmaceutical distribution.

By acquiring Cella, I Squared Capital gains immediate access to existing cold storage facilities and operational expertise, allowing the company to scale quickly. The platform will target major urban centers and industrial hubs, offering state-of-the-art cold storage solutions to meet the needs of domestic and international clients.

What the Acquisition Means for the Market

  • Increased Capacity: The addition of Cella’s assets significantly boosts cold storage capacity in Indonesia.
  • Improved Efficiency: Leveraging I Squared Capital’s global experience, the platform will optimize supply chain operations.
  • Job Creation: The expansion is expected to create employment opportunities in logistics and facility management.

Why Cold Storage is Booming in Indonesia

Indonesia’s cold chain sector is experiencing unprecedented growth. The rise of online grocery shopping and meal delivery services has accelerated the need for reliable cold storage. Additionally, the government’s push to reduce food waste has led to increased investment in cold chain infrastructure.

According to industry reports, the country’s cold storage market is projected to grow at a compound annual rate of over 15% in the coming years. This acquisition positions I Squared Capital to capitalize on this upward trajectory, offering modern facilities that meet international standards.

I Squared Capital’s Global Footprint

I Squared Capital is a leading global infrastructure investment manager with a diverse portfolio spanning energy, utilities, telecom, and transport. This move into Indonesian logistics aligns with its strategy to invest in essential infrastructure that supports economic development.

The firm’s track record includes successful projects across Asia, Europe, and the Americas. With the launch of this platform, I Squared Capital aims to replicate that success in Indonesia, leveraging local partnerships and operational excellence.

"Indonesia is a key market for us, and we see tremendous potential in its cold chain sector," said a spokesperson for I Squared Capital. "This acquisition is a significant step toward building a leading logistics platform in the region."

Key Takeaways

  • I Squared Capital has acquired Cella from NWP Property & CRE to launch an industrial logistics and cold storage platform in Indonesia.
  • The move taps into Indonesia’s booming cold chain market, driven by e-commerce and food delivery trends.
  • The acquisition adds immediate capacity and expertise, enabling rapid scaling.
  • I Squared Capital’s global experience bodes well for operational efficiency and market penetration.
  • The platform is set to create jobs and enhance cold chain infrastructure in the country.

As Indonesia’s economy continues to expand, the demand for modern cold storage solutions will only intensify. With this strategic acquisition, I Squared Capital is well-positioned to become a major player in the region’s logistics landscape.