KUALA LUMPUR: Sime Darby Property Bhd
has teamed up with SD Guthrie Bhd to develop a next-generation industrial and logistics hub within a 3,000-acre master development plan in Kuala Selangor, Selangor.
The companies will set up a special-purpose vehicle, which will be jointly and equally owned, to develop 1,000 acres within Guthrie’s Jalan Acob, Bukit Kerayong and Bukit Cherakah estates.
According to a joint statement by the companies, the development is located in a prime growth area, strategically positioned 40 minutes from Port Klang, and within proximity to Bandar Bukit Raja (BBR), an award-winning township by Sime Darby Property, with direct access to major transport links including the West Coast Expressway (WCE) and the future East Coast Rail Link (ECRL).
Guthrie group managing director Datuk Mohamad Helmy Othman Basha said the joint venture reinforces Guthrie's new strategic business direction to forge synergistic alliances that unlock the inherent value in its landbank.
Sime Darby Property group managing director and CEO Datuk Seri Azmir Merican added that the initiative enables the group to undertake holistic master planning and develop future-ready townships to capture the next wave of industrial and logistics demand, driving sustainable economic growth across Selangor’s industrial corridor.
"Its strong connectivity enhances our value proposition to provide integrated industrial solutions for regional supply chains and high-growth industries. This strategic JV with Guthrie positions both companies to deliver long-term value while strengthening Selangor’s position as a key driver of Malaysia’s industrial growth," he added.
