KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB), an investment holding company under the purview of Yayasan Pelaburan Bumiputera, has acquired two prime industrial properties located in Kedah and Johor, for a total investment of about RM247 million.
PHB said its first asset, located in Kulim Hi-Tech Park and purchased from Kulim Technology Park Corporation, spans 0.809 hectares and comprises three industrial buildings - a four-storey main building, a single-storey warehouse, and a production area - all of which are currently fully leased to Schott Glass, a global specialist in glass and materials technology.
The second property, acquired from Rancak Beta Sdn Bhd, is situated in Port of Tanjung Pelepas, a key logistics hub in southern Malaysia, spanning 3.804 hectares and featuring a single-storey warehouse fully tenanted by Maersk, a leading global player in logistics.
In a statement today, group managing director and chief executive officer Mohamad Damshal Awang Damit said both assets are high-performing industrial facilities located in strategic economic zones outside the Klang Valley, offering long-term lease stability and quality tenants.
"As demand for quality industrial and logistics spaces continues to rise, PHB remains focused on expanding into high-value industrial corridors to optimise long-term performance and sustain attractive returns for unitholders of Amanah Hartanah Bumiputera.
"These strategic acquisitions align with PHB’s goal of enhancing yield while optimising sectoral allocation within its portfolio, thereby ensuring more sustainable and robust revenue generation,” he said.
PHB added that the acquisitions form part of the company’s strategic roadmap to expand its footprint in the industrial asset class and diversify its real estate portfolio in line with its growth targets.
Following the acquisitions, PHB’s industrial assets now account for approximately 10 per cent of its total investment property portfolio. - Bernama
