KUALA LUMPUR: Sime Darby Property Bhd
has acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor, for RM232mil.
In a statement, the property developer said it had acquired the assets from Sime Darby Property MIT Development Sdn Bhd (SDPMIT), a 50:50 joint venture (JV) between Sime Darby Property and a Japanese JV comprising MBK Real Estate Asia Pte Ltd and a subsidiary of Mitsubishi Estate Co Ltd.
Sime Darby Property group managing director and CEO Datuk Seri Azmir Merican said the acquisition aligns with its SHIFT25 strategy, which aims to transform Sime Darby Property into a diversified real estate company.
"By gaining full ownership of these modern logistics assets, we strengthen our industrial property portfolio, drive sustainable income growth, and solidify our position in the fast-growing industrial and logistics sectors, positioning the group to capture new growth opportunities and achieve greater financial stability in an evolving market landscape," he added.
The warehouses, with a combined net lettable area of approximately 700,000 sq ft, are strategically located in the rapidly growing Bandar Bukit Raja industrial zone in Klang, offering convenient connectivity and proximity to major transport routes and key business hubs.
According to Sime Darby Property, the two warehouses are designed to cater to a wide range of logistics and warehousing needs, featuring modern specifications such as high ceiling heights, efficient layouts, and multiple loading docks.
The strategic location and modern infrastructure of these warehouses meet the growing demand for high-quality industrial spaces, driven by the expansion of e-commerce, increasing supply chain complexities, and businesses seeking facilities that support their operational efficiency.
