PHB strengthens industrial portfolio with RM247mil acquisitions in Kedah and Johor


KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB), an investment holding company under the purview of Yayasan Pelaburan Bumiputera, has acquired two prime industrial properties located in Kedah and Johor, for a total investment of about RM247 million.

PHB said its first asset, located in Kulim Hi-Tech Park and purchased from Kulim Technology Park Corporation, spans 0.809 hectares and comprises three industrial buildings - a four-storey main building, a single-storey warehouse, and a production area - all of which are currently fully leased to Schott Glass, a global specialist in glass and materials technology.

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