Ame Elite Consortium Bhd Acquires Land In Johor For Rm106.2 Mln

KUALA LUMPUR, May 31 (Bernama) -- Integrated industrial space solutions provider AME Elite Consortium Bhd (AME) is acquiring a 15.18-hectare freehold land parcel in Taman Teknologi Johor, Senai, Johor, for RM106.2 million. 

In a statement today, the group said its wholly-owned subsidiary, Golden Symphony Sdn Bhd, has entered into a sales and purchase agreement to acquire the land from Dahlia Utama Sdn Bhd.

“Upon completion of the acquisition, AME’s balance landbank will increase to 122.30 hectares, including 71.22 hectares of development land in Penang and excluding recently-sold properties pending transaction completion.

“The new land acquisition will provide the group with an ample development pipeline until 2030,” it said.

AME executive director and group chief executive officer Dylan Tan Teck Eng said this latest acquisition enables them to leverage the increasing demand for high-quality industrial facilities, driven by Johor’s thriving economic landscape, strategic location, and supportive government policies.

“We are confident that this development will attract significant domestic and international investment, further establishing our position as a leading provider of world-class industrial space solutions,” he said.

AME expects to complete the acquisition in the third quarter of the calendar year 2024, which will be funded through a combination of external borrowings and internal funds.

The group said Taman Teknologi Johor’s strategic location and convenient access to major highways, such as the Skudai–Senai Highway and North-South Expressway, provide substantial connectivity and logistical advantages, enhancing its attractiveness to industrial players.

-- BERNAMA