Knight Frank to handle sale of solar panel plant

Panasonic Solar Energy Malaysia's solar panel plant in Kulim Hi-Tech Park.

KUALA LUMPUR: Knight Frank Malaysia has been exclusively appointed by Panasonic Solar Energy Malaysia for the sale of its solar panel plant in Kulim Hi-Tech Park, Kedah.

Knight Frank said yesterday the appointment for the sale of the 63-acre plant in industrial zone phase 2 of Kulim Hi-Tech Park followed Panasonic Group’s plan of ceasing solar production operations in Malaysia.

The plant occupies half of the land, comprising of a single-storey factory annexed to a two-storey office building and other utilities building with an approximately total build-up area of close to 70, 000 sq ft.

The plant, a state-of-the-art facility was previously used to cater for the previous operation of solar module manufacturing.

Executive director of capital markets at Knight Frank Malaysia, Allan Sim (pic) said the facility was completed in 2013 and it is equipped with high electricity capacity and good floor loading.

Sim added there was readily available nitrogen gas system which is very suitable not just for other solar-related manufacturing production, which can also be easily reconfigured to cater for other uses, the likes of electrical and electronic (E&E), biotechnology and R&D.

“This presents an opportunity for manufacturers to immediately occupy and operate from the existing built facility, whilst having the flexibility to plan for future expansion on the remaining circa 30 acres of land that have yet to be developed, ” he added.

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