Sime Darby Property Berhad has acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor, via a RM232 million purchase. The assets it added were previously owned by Sime Darby Property MIT Development Sdn Bhd  a 50:50 joint venture  between the group and a Japanese JV comprising MBK Real Estate Asia Pte. Ltd. and a subsidiary of Mitsubishi Estate Co., Ltd.

Dato' Seri Azmir Merican, Group Managing Director and Chief Executive Officer of Sime Darby Property, said, "This acquisition aligns with our SHIFT25 strategy, which aims to transform Sime Darby Property 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."

The warehouses, with a combined net lettable area of approximately 700,000 sq. ft., are strategically located in the rapidly growing Bandar Bukit Raja industrial zone in Klang, offering convenient connectivity and proximity to major transportation routes and key business hubs. The two warehouses are designed to cater to a wide range of logistics and warehousing needs,
featuring modern specifications such as high ceiling heights, efficient layouts, and multiple loading docks.

The strategic location and modern infrastructure of these 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.