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.
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