Sime Property inks partnership to set up industrial development funds

KUALA LUMPUR: Sime Darby Property Bhd's unit Sime Darby Property (Capital Holdings) Pte Ltd has entered into a shareholders' agreement with LOGOS SE Asia Pte Ltd, a unit of LOGOS Property Group Ltd, over the setting up of industrial development funds.

In a filing with Bursa Malaysia, the group said the joint venture is to provide fund management and development services to industrial development funds established by the joint venture.