An artist’s impression of the warehouse in Bandar Bukit Raja.
PETALING JAYA: Sime Darby Property (SDP) has acquired two double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232mil. The assets were previously owned by 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.
“This acquisition aligns with our SHIFT25 strategy, which aims to transform SDP into a diversified real estate company. By gaining full ownership of these modern logistics assets, we strengthen our industrial property portfolio, drive sustainable income growth, and solidify our position in the fast-growing industrial and logistics sectors, positioning the group to capture new growth opportunities and achieve greater financial stability in an evolving market landscape,” said group managing director and chief executive officer Datuk Seri Azmir Merican.
The warehouses have a combined net lettable area of 700,000 sq ft and feature modern specifications such as high ceiling heights, efficient layouts, and multiple loading docks. The strategic location and modern infrastructure of the warehouses meet the growing demand for high-quality industrial spaces, driven by the expansion of e-commerce, increasing supply chain complexities, and businesses seeking facilities that support their operational efficiency.
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