Sime Darby Property acquires two modern logistics warehouses in Selangor for RM232mil


Artist's impression of a two-storey multi-tenant warehouse in Bandar Bukit Raja

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.

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