Sime Darby Property, Logos Property JV to develop E-Metro Logistics Park

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KLANG: The Sime Darby Property Bhd and Logos SE Asia Pte Ltd (Logos Property) three way partnership, referred to as SDPLOG is ready to develop the E-Metro Logistics Park in Bukit Raja, Klang with potential property beneath administration in extra of RM3 billion.

Sime Darby Property group managing director Datuk Azmir Merican mentioned the E-Metro Logistics Park is the primary industrial growth beneath SDPLOG’s inaugural shariah-compliant industrial growth fund.

The fund not too long ago introduced 70 per cent in capital dedication secured on the first shut for a fund dimension of up to US$250 million (US$1=RM4.43).

“The shariah-compliant fund might be anchored by Permodalan Nasional Bhd and unit belief funds beneath its administration (PNB) in addition to Kumpulan Wang Persaraan (Diperbadankan),” he mentioned on the E-Metro Logistics Park groundbreaking ceremony graced by Selangor Menteri Besar Datuk Seri Amirudin Shari right here as we speak.

“The growth, spanning 71.63 hectares of gross lettable space (GTA) might be rolled out commencing within the third quarter of subsequent 12 months, with completion focused for the third quarter of 2026,” he mentioned.

Head of Malaysia, Logos Property David Aboud mentioned Logos is an actual property fund supervisor based mostly solely within the Asia Pacific and focuses totally on the logistics and industrial sector.

“Our purpose right here is to construct a large-scale built-in logistics hub. Some of those might be constructed particularly to swimsuit the design and specs of a few of our bigger international shoppers, whereas others might be constructed to goal the final leasing want of the rising logistics market,” he mentioned.

Meanwhile, Amirudin in his speech mentioned greater than 4,500 jobs had been anticipated to be created over the upcoming years inside the industrial growth fund, be it from growth, building or jobs on the services.

“Through the E-Metro Logistics Park, the Sime Darby Property and Logos Property three way partnership is anticipated to award RM1.8 billion in building and growth contracts which is able to considerably profit the area people by offering native contractors, consultants and distributors with enterprise and employment alternatives,” he mentioned. – Bernama



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