Peregrine Cold Logistics, Asia's unified cold storage and logistics platform, has entered Indonesia through a joint venture with Indonesian real estate developer Sinar Primera. This partnership aims to acquire and develop tier-one cold storage assets across the country, marking a significant milestone in Peregrine's strategy to build an integrated international cold chain platform. The joint venture combines the acquisition of an existing Sinar Primera-owned facility in Pluit with a new greenfield development in Narogong.
This expansion will enable Peregrine to strengthen its cold chain footprint in Southeast Asia's largest economy. According to Peregrine co-founder and chief executive officer, Jeff Hogarth, the company's objective is not just to build capacity in Indonesia but to connect the market into its broader ASEAN and Gulf Cooperation Council (GCC) network. This partnership leverages Sinar Primera's local market development expertise, land access, and execution capabilities alongside Peregrine's international cold chain network and operational experience.
The goal is to address the rising demand for modern cold storage infrastructure in Indonesia, driven by increasing incomes, urbanization, and sophisticated food and retail sectors. The Pluit facility is strategically positioned to serve customers across northern and western Jakarta, while the new Narogong facility will feature semi-automated freezer and chiller capacity meeting global standards. Together, the facilities are expected to support food producers, importers and exporters, fast-moving consumer goods (FMCG) companies, and quick-service restaurant (QSR) chains.
They will also strengthen food safety and security across Indonesia's supply chains. Sinar Primera Group head, Hong Kah Jin, noted that the partnership combines Peregrine's cold chain expertise and international client base with Sinar Primera's local market execution and infrastructure capabilities. The joint venture builds on Peregrine's existing cold chain platform in the Philippines and is part of the company's broader strategy to expand its presence in Southeast Asia.
With this move, Peregrine aims to create a more integrated logistics solution for customers and a platform for long-term growth across the region. As the demand for temperature-controlled infrastructure continues to grow in Indonesia, this joint venture positions Peregrine and Sinar Primera well to capitalize on the opportunity. The development of these tier-one cold storage assets will play a crucial role in supporting the country's food and retail sectors, enhancing the overall efficiency and reliability of the cold chain.
In terms of what happens next, the joint venture will focus on scaling its Indonesian platform, leveraging the strengths of both partners to drive growth and expansion. With the Indonesian market poised for significant growth, this partnership is well-timed to meet the increasing demand for modern and efficient cold storage solutions. The key numbers behind this deal highlight the significance of the joint venture.
While specific financial details are not disclosed, the partnership represents a major investment in Indonesia's cold storage infrastructure. The development of the Narogong facility, in particular, underscores the commitment to meeting global standards for semi-automated freezer and chiller capacity. In conclusion, Peregrine Cold Logistics' entry into Indonesia through its joint venture with Sinar Primera marks a pivotal moment in the company's regional expansion strategy.
By combining their expertise and resources, the partners aim to establish a leading position in Indonesia's cold storage market, supporting the growth of the country's food and retail sectors.
