Sime Darby Property Berhad and LOGOS SE Asia Pte. Ltd. joint venture marked a new milestone with the launch of its mainden asset, the E-Metro Logistics Park at Bandar Bukit Raja in Klang.
The E-Metro Logistics Park is the first Industrial & Logistics development under SDPLOG’s inaugural Industrial Development Fund which has a fund size of up to US$250 million. The Shariah-compliant Fund will be anchored by Permodalan Nasional Berhad and unit trust funds under its management as well as Kumpulan Wang Persaraan with Sime Darby Property and LOGOS Property as sponsors of and co-investors in the Fund.
E-Metro Logistics Park is a 177-acre freehold logistics development that will be transformed into a sustainable, large-scale, integrated logistics Park totalling 8 million sq ft of Gross Lettable Area on completion. The Park will include built-to-specification and ready-built solutions to provide tenant customers with the flexibility to grow their businesses by adopting and expanding layout designs according to their commercial needs, including enhancements required for warehouse automation.
The project will leverage both parties’ strategic partnership and property expertise that will meet the Gold LEED certification standard in line with their commitment to all developments.
Sime Darby Property’s Group Managing Director, Dato’ Azmir Merican said, “The E-Metro Logistics Park will benefit from the high demand for logistics and warehousing solutions in the Klang Valley, following global trade flows and supply chain development in addition to a shift in consumer preference for goods that are bespoke and custom-made for their needs.”
LOGOS Head of Malaysia David Aboud added: “We have recently awarded the first major construction contract to a local contractor and the design team for the next phase includes a prominent local architecture firm. This demonstrates the depth of globally competitive talent that exists in the Malaysian construction sector, which coupled with the local and regional expertise from the SDPLOG partnership, will see us deliver a state-of-the-art logistics solution for the Malaysian market.”
Design and planning for the first two facilities at E-Metro Logistics Park, Metrohubs 1 and 2 with ~1.2 million sq ft and ~800,000 sq ft in GLA are already underway with the first phase expected to be completed for identified tenants in June 2023.
The E-Metro Logistics Park is accessible via major highways such as the New Klang Valley Expressway, Federal Highway, New North Klang Straits Bypass, and the recently opened West Coast Expressway. These expressways connect the logistics park to major hubs such as Port Klang and the Kuala Lumpur International Airports, and significantly to other Sime Darby Property industrial parks located in the City of Elmina, Serenia City, and Hamilton Nilai City, among others.