PHB acquires assets for RM247mil


PHB group managing director/chief executive officer Mohamad Damshal Awang Damit.

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.

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