IJM expands with warehousing investment in Malaysia and UK property acquisition

From left: GBA Holdings Sdn Bhd director Jonathan Tan Boon Siang, Hartamas Mentari Sdn Bhd director Tan Jing Jeong, IJM Corp Bhd CEO and managing director Lee Chun Fai, Swift Haulage Bhd group CEO Loo Yong Hui, Global Vision Logistics Sdn Bhd director Loo Hooi Keat and Global Vision Logistics chairman Oh Kim Sun.

PETALING JAYA: IJM Corp Bhd has announced two significant property developments – an additional investment in Malaysia's warehousing logistics sector and the acquisition of a property site in the United Kingdom (UK).

The conglomerate, in a statement, said its wholly-owned subsidiary, IJM RE Sdn Bhd, has signed a share sale agreement with Swift Haulage Bhd and Hartamas Mentari Sdn Bhd for the acquisition of a a 25% stake in Global Vision Logistics Sdn Bhd (GVL) which is developing the Shah Alam International Logistics Hub (SAILH).