KUALA LUMPUR: Area Management Sdn Bhd has agreed to purchase 86ha freehold industrial land from PNB Development Sdn Bhd for RM320mil to build an integrated industrial logistics hub in Kota Seri Langat, Selangor.
The hub with a gross development value of RM4bil is expected to be automated and likely to mirror China’s JD.com automated warehousing, offering built-to-suit warehouses and manufacturing facilities as well as residential units.
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