The land parcels are currently the centre for Dutch Lady’s factory and warehouse facilities.
In a statement yesterday, UEM Sunrise said the preliminary plans for the leasehold parcels would be a mixed commercial development that would complement the ongoing redevelopment efforts for the entire Section 13 into a commercial hub.
“The project is targeted for launch in the next two to three years and estimated to have a gross development value of RM1.3bil, ” it said.
In a separate statement, Dutch Lady said it will be relocating its manufacturing facilities to Bandar Enstek, Negri Sembilan.
In March last year, Dutch Lady had announced the expansion of its manufacturing capabilities with the acquisition of 13ha of industrial land in Bandar Enstek HALMAS halal technology park for RM56.79 mil.
“Dutch Lady will continue manufacturing from the existing Petaling Jaya plant until our new facilities in Bandar Enstek, have been completed and is fully operational, in approximately three years or thereafter from now, ” said managing director Tarang Gupta.
Following the completion of the sale as per the sales purchase agreement, Dutch Lady will rent the property from UEM Sunrise and continue operating from the property during the construction of its new facilities.
Dutch Lady said the sale of the land in Seksyen 13 was a significant step of the group’s long term strategic plan to support the government’s vision to position Malaysia as a regional halal food hub by migrating its manufacturing activities to a larger and more sophisticated plant.
The group has been producing halal dairy products at the Petaling Jaya plant since 1963.
Meanwhile, UEM Sunrise said that the purchase of land would mark the group’s first project in Petaling Jaya that would further strengthen its portfolio in prime and upmarket locales, following its success in Mont’Kiara, Kuala Lumpur and Iskandar Puteri, Johor.
“We are excited to continue providing customers high-quality homes in sought-after addresses, given Petaling Jaya’s prime and mature location that is equipped with wide accessibility as well as a good mix of amenities and lifestyle components.
“It also bodes well with our ongoing efforts to rebalance our portfolio and increase our foothold in the Klang Valley. It has been our growth plans to intensify our focus in key and strategic lands that can be tapped and provide a quick turnaround, ” said UEM Sunrise CEO Sufian Abdullah (pic, above).
“What attracted us most about this land is its location within the Draft Special Area Plan Section 13 Petaling Jaya identified by Majlis Bandaraya Petaling Jaya to redevelop the area into a commercial hub as part of its urban renewal efforts, ” he added.