What Equalbase does

Equalbase is a Singapore-headquartered industrial real estate developer specializing in carbon-neutral warehouses, logistics facilities, and data centers across Singapore, Malaysia, South Korea, and Germany. Founded in 2002 and operating as a subsidiary of Amboss Holdings, it serves multinational enterprise customers in third-party logistics (3PL), automotive, FMCG and retail, electronics manufacturing, and pharmaceutical sectors through both built-to-suit and multi-tenant developments. Disclosed anchor customers include BMW Group (multi-phase Regional Parts Distribution Centre in Senai since 2016), Volkswagen Group (PTP facility, 2018), GXO Logistics, Schenker, DSV, Rohde & Schwarz, and ACT&CORE, with long-tenor tenancy agreements typically signed ahead of construction to underwrite the development pipeline.

The company's product portfolio spans more than a dozen named projects and over 5 million sq ft of planned gross floor area. Flagship assets include the RM 8 billion (~USD 1.7 billion) 103° Free Commercial Zone in Sunway City Iskandar Puteri, Johor, a 55-hectare joint venture with Sunway Group within the Johor-Singapore Special Economic Zone; Valdor I and II in Penang; four phases of Senai Airport City parks; PTP and PTP II at Port of Tanjung Pelepas; Changi Logistics Centre and Tuas Bay Drive in Singapore; the Poseung logistics park in South Korea; and a Butzbach facility in Germany. Its carbon-neutral framework targets a 30% reduction in embodied carbon via low-carbon materials and up to 70% reduction in operational energy-related emissions through on-site solar generation and storage, with sub-brands Equalenergie (renewable energy) and Equalithium (lithium-ion battery circularity) extending the platform into adjacent energy and mobility verticals. Every development targets a minimum of LEED Gold certification, with DGNB Gold targeted in Europe and GBI Gold in Malaysia, and the company holds a Net Zero by 2040 commitment.

Equalbase generates revenue through a combination of one-time development fees from end-to-end project delivery and recurring asset management and property management fees under the Amberock Fund, managed in-house by Northmod. Cumulative deployed capital exceeds US$400 million across the portfolio, with an RM 8 billion flagship valuation illustrating the capital-intensive nature of the model. Distribution is dominated by direct enterprise sales supported by joint venture partnerships with strategic counterparties (Sunway, Affinius Capital) and a dedicated institutional fund channel (Amberock Korea II) tailored to regional capital pools. Marketing emphasizes ESG thought leadership through content, conferences (e.g., Mingtiandi Singapore Forum 2025), and sustainability credentials (UN Global Compact since 2023, LowCarbonSG 2024 participant).

Name

Equalbase

Legal name

Equalbase

Website

https://equalbase.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Equalbase is a Singapore-headquartered industrial real estate developer building carbon-neutral warehouses, logistics facilities, and data centers across Asia and Europe. It serves multinational enterprise customers in logistics, automotive, FMCG, electronics, and pharmaceutical sectors via built-to-suit developments, sustainable design, and integrated fund management.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Development

NAICS

Nonresidential Property Managers (531312), Real Estate Property Managers (53131)

SIC

Operators Of Nonresidential Buildings (6512), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Asset & Lifecycle Management (CapEx Planning, Reliability) (BPABAAAI)

Keywords

• Sustainable industrial real estate
• Logistics property development
• Warehouse development services
• Industrial real estate investment
• Carbon-neutral warehousing

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Real Estate Development: End-to-end development of modern warehouses and data centers. Revenue generated through development fees, project delivery, and property handover. Covers site selection, acquisition, planning, and construction management for built-to-suit and multi-tenant facilities.
2. Asset Management: Managing performance and value of assets throughout their lifecycle. Revenue from ongoing asset management fees. Includes rigorous analysis, proactive maintenance, and strategic enhancements to maximize returns for investors.
3. Property Management: Full-service property management including tenant relations, maintenance, leasing, and financial management for modern warehouses and data centers.
4. Investment/Fund Management (Northmod): Northmod, as investment manager of the Amberock Fund, generates revenue through fund management fees and carried interest. Provides bespoke investment solutions and proprietary deal sourcing for real asset and clean technology investments across APAC and Europe.
5. Sustainable Design Solutions: Eco-friendly design services emphasizing renewable materials, natural light integration, air quality improvement, and energy conservation. Revenue from consulting and design implementation.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Equalbase develops, owns, and manages sustainable industrial real estate — primarily modern warehouses, logistics parks, distribution centers, and data centers — across Singapore, Malaysia, South Korea, and Germany. The company delivers built-to-suit facilities for multinational tenants and multi-tenant parks (e.g., 103° Free Commercial Zone in Johor), supported by an in-house services stack covering development management, sustainable design, asset management, and property management. Capital is deployed via Northmod, the group's investment manager of the Amberock Fund, which sources deals and structures bespoke real asset and clean technology investments across APAC and Europe.

Product overview

Equalbase is an integrated sustainable industrial real estate developer offering a comprehensive portfolio of logistics facilities, warehouses, and data centers across Asia (Singapore, Malaysia, South Korea) and Europe (Germany). The product portfolio includes: (1) Core development projects - 103° Free Commercial Zone (flagship 5M sq ft carbon-neutral FCZ in Johor), Valdor I & II (Penang logistics facilities), Senai I-IV (Senai Airport City logistics parks), PTP & PTP II (Port of Tanjung Pelepas distribution centers), Changi Logistics Centre (Singapore), Tuas Bay Drive (Singapore), Poseung (South Korea), and Butzbach (Germany); (2) Services including development management, sustainable design solutions, property management, and asset management; (3) Investment arm Northmod managing the Amberock Fund for sustainable logistics real estate across APAC and Europe. The company integrates sustainability throughout its developments targeting LEED Gold, DGNB Gold, and GBI certifications with a commitment to Net Zero by 2040.

Differentiator

Problem solved

Functional benefit

Brands

• Northmod: Real asset investment and asset management company that manages the Amberock Fund, specializing in sustainable logistics facilities across Asia and Europe.
• Equalenergie
• Equalithium

Products and services

• 103° Free Commercial Zone A 5 million sq ft (464,500 sqm) carbon-neutral Free Commercial Zone in Sunway City Iskandar Puteri, Johor, developed in partnership with Sunway Group. The first sustainable FCZ within the Johor-Singapore Special Economic Zone (JS-SEZ), featuring green building certifications and 10m clear racking heights. Phase 1 (2,321,713 sq ft) operational Q1 2026 with three carbon-neutral warehouses; designed for multinational logistics and manufacturing occupiers.
• Valdor I A 588,225 sq ft (54,648 sqm) logistics facility in Penang's Valdor Industrial Area, located 6km from Batu Kawan Industrial Park. Two-storey Grade A warehouse with high floor loading capacity, 40 loading bays, and 9-meter clear height, designed as a green building achieving up to 30% reduction in embodied carbon and 70% operational energy-related carbon reduction. Completion Q3 2025.
• Valdor II A 625,163 sq ft (58,079 sqm) logistics facility in Valdor Industrial Estate, Penang, located 6km from Batu Kawan Industrial Park with seamless connectivity to Penang Port. Features 10-meter clear racking heights, 27 loading bays, and integrates renewable energy solutions. Completion Q4 2025.
• Senai Logistics park in Johor's Senai Airport City with Phase I (530,306 sq ft) and Phase II (453,967 sq ft). Features 16 loading bays, 3.5-ton floor load, and 8.8m clear height on first floor. Go live 2024.
• Senai II A 1,034,303 sq ft (96,090 sqm) logistics park in Johor's Senai Airport City. Located 7km from Senai International Airport with direct access to major highways. Features 45 loading bays (ground floor) and 37 loading bays (first floor), 10-meter clear heights. Scheduled Q4 2027.
• Senai III Build-to-suit facility featuring approximately 95,770 sq ft GFA of high-spec manufacturing space with integrated warehousing, supporting logistics and electronic device manufacturing. Constructed on 210,000 sq ft land parcel with expansion potential. Single-storey development beginning operations Q1 2027.
• Senai IV Two-storey warehouse with 242,187 sq ft, plinth area 11,359.50 sqm, plot ratio 1.176. Go live Q4 2025.
• PTP A 135,500 sqm regional parts distribution centre within Port of Tanjung Pelepas Free Zone. Built-to-suit for Volkswagen Group, completed 2018. Two-storey warehouse on 74,000 sqm land providing modern logistics capacity.
• PTP II A 535,396 sq ft (49,740 sqm) carbon-neutral logistics facility within Port of Tanjung Pelepas Free Zone. Located near Batu Kawan Industrial Park and Malaysia's largest transshipment hub. Features on-site solar energy, optimized daylighting, and energy-efficient mechanical/electrical systems.
• Changi Logistics Centre A 20,000 sqm industrial facility near Singapore Changi Airport with 11,610 sqm land, 18,580 sqm built-up area, and 1.6 plot ratio. Three-storey multi-user warehouse operational since 2011 with 8m-10m clear height, 13,000 sqm warehouse space, and 5,574 sqm office space.
• Tuas Bay Drive A 40,300 sqm industrial development in Singapore's Tuas hub. Singapore's most efficient ramp-up warehouse built for scalability and operational efficiency, catering to advanced manufacturing, logistics, and supply chain needs with sustainability-driven infrastructure.
• Poseung Large-scale logistics and industrial park in South Korea spanning over 110,000 pyeong (3.6 million sq ft). Five-story warehouse with 70 loading bays, 9.6-meter clear height, and 2.5-ton floor load. LEED Gold certified for sustainability and energy efficiency, designed for automotive, electronics, and e-commerce industries.
• Development Management End-to-end development services for modern warehouses and data centers, from site selection and acquisition through planning and construction, emphasizing sustainability and efficiency with the latest green building practices.
• Sustainable Design Solutions Eco-friendly real estate design focusing on energy efficiency, renewable and recyclable materials, natural light, air quality improvement, and energy conservation that exceeds sustainability standards.
• Property Management Full-service property management including maintenance, repairs, tenant relations, and lease administration utilizing latest property management technology with emphasis on sustainability and environmental stewardship.
• Asset Management Maximizes performance and value of investments in modern warehouses and data centers through operational efficiency, tenant satisfaction, sustainability practices, advanced analytics, and strategic leasing initiatives.
• Northmod Investment Management Real asset investment and asset management company and fund manager of the Amberock Fund. Invests in real estate and clean technology across APAC and Europe, providing bespoke investment solutions and proprietary deal sourcing.
• Amberock Fund Real estate development fund managed by Northmod specializing in sustainable logistics facilities across Asia and Europe, tailored for e-commerce, FMCG, automotive, pharmaceutical, retail, industrial, and logistics industries.

Quantifiable outcome

• 30% reduction in embodied carbon emissions
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Capstone Asset ManagementminorImplementation/ SI/ Consulting Partner · 20 October 2025Project financing partner for Yangju Logistics Center in South Korea. Capstone oversees development through dedicated project financing vehicle, leveraging deep local expertise.
• Yojin Construction & EngineeringminorImplementation/ SI/ Consulting Partner · 20 October 2025Construction and quality assurance partner for Yangju Logistics Center in South Korea, leading building and construction execution.
• Sunway GroupcoreStrategic or Co-development Partner · 28 November 2023Joint venture partnership with Sunway Group, one of ASEAN's leading conglomerates, for the development of 103° Free Commercial Zone in Sunway City Iskandar Puteri, Johor. RM 8 billion (S$2.28 billion) project spanning 55 hectares. Sunway provides land and integrated township ecosystem; Equalbase provides development expertise and sustainability solutions. 103° is the first fully carbon-neutral free commercial zone in the Johor-Singapore Special Economic Zone.
• Affinius CapitalcoreStrategic or Co-development PartnerJoint venture with Affinius Capital to develop a logistics facility in Butzbach, Germany. Joint venture acquired approximately 20,518 sqm of land on Otto-Hahn-Strasse, along A5 motorway (42km north of Frankfurt). Development will comprise approximately 11,700 sqm of Class A logistics space targeting DGNB Gold certification.
• NorthmodcoreStrategic or Co-development PartnerNorthmod is the in-house investment manager of Equalbase, overseeing the Amberock Fund which specializes in real asset and clean technology investments. Northmod delivers tailored investment solutions across APAC and European markets. Provides proprietary deal sourcing and fund management for Equalbase development projects.

Scale indicators8 records

Recent moves7 records

Expansion highlights8 records

Direct peers

• Mapletree Industrial Trust: Singapore-listed industrial REIT with logistics, warehouse, and data center assets across APAC. Comparable as a Singapore-anchored industrial real estate owner-operator in the same geographic and asset-class footprint as Equalbase.
• GLP (Global Logistic Properties): Major global logistics real estate developer and fund manager with substantial APAC footprint (China, Japan, Southeast Asia). Directly comparable as a scaled integrated developer-investor-manager platform with sustainability initiatives across the portfolio.
• Frasers Property: Singapore-based diversified real estate group with significant industrial and logistics development operations across APAC. Comparable as a regional industrial/logistics developer targeting MNC occupiers with sustainability positioning.
• Logos: APAC-focused logistics real estate developer with integrated fund management across Southeast Asia, China, and Australia. Directly comparable as a regional specialist developer targeting cross-border logistics tenants with institutional capital partners.
• ESR Group: One of the largest APAC logistics real estate platforms with significant development, fund management, and asset management operations. Directly comparable as a multi-geography APAC logistics developer with integrated fund vehicles targeting institutional capital.

Regional players

• CTP: Europe's largest logistics and industrial real estate developer, operating across Central and Eastern Europe with sustainability-led design. Comparable as a regional industrial developer expanding into Germany; relevant for benchmarking Equalbase's Butzbach and future German expansion.
• P3 Logistic Parks: Pan-European logistics real estate developer and owner-operator with portfolio of Grade A warehouses. Comparable as a European regional peer relevant to Equalbase's German expansion via the Affinius JV.

Broad incumbents

• Prologis: Global logistics REIT and the largest industrial real estate platform worldwide with significant presence in APAC and Europe. Comparable as a broad incumbent offering overlapping capabilities (sustainability, build-to-suit, fund management) as part of a much larger portfolio.

Others

• Sunway Group: Malaysian conglomerate and integrated township developer; Equalbase's JV partner on the RM 8B 103° FCZ. Comparable as both a peer (Malaysian industrial/township developer) and a key strategic partner providing land and township infrastructure.
• SEB Investment & Property Fund Management: Institutional investment manager with logistics real estate fund vehicles across Europe. Comparable as an adjacent capital partner / fund competitor relevant to Northmod's Amberock Fund strategy in the European market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/equalbase
• LinkedInlinkedin.com/company/equalbasedev

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Equalbase