Sime Darby Property, LOGOS SE Asia JV company secures preliminary commitments of 50% for first close of its Industrial Development Fund

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PETALING JAYA (April 11): The Sime Darby Assets Bhd and LOGOS SE Asia Pte Ltd declared that their joint venture (JV) corporation — SDPLOG — has correctly secured preliminary commitments of 50% for the to start with near of its inaugural Industrial Growth Fund at US$250 million (RM1 billion).

According to a push statement on Monday (April 11), SDPLOG will aim on investing and developing high-excellent industrial and logistics true estate property, this kind of as E-Metro Logistics Park at Bandar Bukit Raja in Klang, Selangor.

“We are generating great progress in developing financial investment quality property in Malaysia and to support the enhance in demand from customers for excellent logistics products and solutions, infrastructure, as effectively as productive supply chain administration,” reported Sime Darby Home team taking care of director Datuk Azmir Merican, including that there is strong demand from customers for quality authentic estate investment decision inside the industrial and logistics sector.

Meanwhile, LOGOS Property’s head of Malaysia David Aboud included that the place of E-Metro Logistics Park is desirable to a huge range of close consumers.

“The area of the E-Metro Logistics Park is quite appealing to a huge vary of end buyers and as witnessed across the region, we assume to see a apparent development for high requirements to be included inside of modern-day logistics amenities within just the park. This features a developing demand from customers for chilly stores with local climate-controlled warehousing as effectively as automated remedies to aid the rising sophistication of supply chains,” Abound famous.  

Style and progress function for two services in the E-Metro Logistics Park, the fund’s maiden asset, is underway with building acquiring commenced in stop-March 2022.

The eco-helpful 177-acre progress, spanning eight million sq ft in gross leasable area, is set to deliver effective industrial and logistics remedies, with planet-course abilities and services equipped with sustainable eco-friendly functions.

The E-Metro Logistics Park is related to big logistics hubs these kinds of as Port Klang and the Kuala Lumpur International Airport, as it is accessible via key highways, namely the New Klang Valley Expressway, Federal Highway, New North Klang Straits Bypass and the West Coastline Expressway.