KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB), an investment holding company under the purview of Yayasan Pelaburan Bumiputra, has acquired two prime industrial properties located in Kedah and Johor for a total investment of about RM247mil.
PHB said its first asset in Kulim Hi-Tech Park purchased from Kulim Technology Park Corp spanned 0.809ha and comprised three industrial buildings – a four-storey main building, a single-storey warehouse, and a production area – all of which are fully leased to Schott Glass, a global specialist in glass and related materials.
The second property, acquired from Rancak Beta Sdn Bhd, is in Port of Tanjung Pelepas, Johor – a key logistics hub in southern Malaysia, spanning 3.804ha and featuring a single-storey warehouse fully tenanted by Maersk which is a leading global player in logistics.
In a statement yesterday, group managing director and chief executive officer Mohamad Damshal Awang Damit said both assets are high-performing industrial facilities, located in strategic economic zones outside the Klang Valley, offering long-term lease stability and quality tenants.
“As demand for quality industrial and logistics spaces continues to rise, PHB remains focused on expanding into high-value industrial corridors to optimise long-term performance and sustain attractive returns for unitholders of Amanah Hartanah Bumiputra,” he said. — Bernama
