OCR ties up with Magna Prima to develop eCommerce hub

OCR managing director Billy Ong said the group’s maiden integrated eCommerce development would position the group to benefit from the secular strong growth of the e-commerce industry and CRE segment in the market.

PETALING JAYA: OCR Group Bhd will be developing its first integrated eCommerce logistics hub via a proposed joint venture with Magna Ecocity Sdn Bhd.

The integrated property developer said its wholly-owned subsidiary OCR Avenue Sdn Bhd yesterday signed a conditional joint venture agreement (JVA) with the 70%-owned subsidiary of Magna Prima Bhd to develop the integrated logistics hub on a 20-acre site in Section 15 in Shah Alam, Selangor.