Sime Darby Property ties up with LOGOS

SimeProp group managing director Datuk Azmir Merican (pic) said the joint venture (JV) will help grow the property developer’s recurring revenue. “With this JV, our target is that in five years, 30% of our income will be recurring."

PETALING JAYA: Sime Darby Property Bhd (SimeProp) is tying up with real estate logistics services provider LOGOS Property Group Ltd to set up industrial development funds for clients in the logistics sector.

SimeProp group managing director Datuk Azmir Merican said the joint venture (JV) will help grow the property developer’s recurring revenue.