Sime Darby Property Acquires Logistics Warehouses In Bandar Bukit Raja For RM232 Mln

KUALA LUMPUR, Jan 10 (Bernama) -- Sime Darby Property Bhd (SDP) has acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232 million.

It said in a statement that the assets were previously owned by Sime Darby Property MIT Development Sdn Bhd (SDPMIT), a 50:50 joint venture (JV) between Sime Darby Property and a Japanese JV comprising MBK Real Estate Asia Pte Ltd and a subsidiary of Mitsubishi Estate Co Ltd.

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“This acquisition aligns with our SHIFT25 strategy, which aims to transform SDP into a diversified real estate company.

“By gaining full ownership of these modern logistics assets, we strengthen our industrial property portfolio, drive sustainable income growth, and solidify our position in the fast-growing industrial and logistics sector,” said group managing director and chief executive officer Datuk Seri Azmir Merican. 

The warehouses, with a combined net lettable area of 700,000 square feet, are strategically located in the rapidly growing Bandar Bukit Raja industrial zone in Klang, offering convenient connectivity and proximity to major transportation routes and key business hubs.

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The two warehouses are designed to cater to a wide range of logistics and warehousing needs, featuring modern specifications such as high ceiling heights, efficient layouts, and multiple loading docks.

The group further said the strategic location and modern infrastructure of these warehouses meet the growing demand for high-quality industrial spaces, driven by the expansion of e-commerce, increasing supply chain complexities, and businesses seeking facilities that support its operational efficiency.

-- BERNAMA