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Knight Frank Malaysia capital markets executive director Allan Sim. PETALING JAYA (Feb 16): Emerging opportunities for industrial real estate in Asia-Pacific, particularly in port infrastructure, have changed the overall landscape, according to Knight Frank. In its latest report New Frontiers Regions of Opportunities: Infrastructure Impact on Industrial and E-Commerce and Supply Chain Evolution’s Impact on Industrial Real Estate , the consultancy firm highlights the opportunities in the sector amid the Covid-19 pandemic. Knight Frank Malaysia capital markets executive director Allan Sim said in a press release: “The pandemic has accelerated the adoption of online retailing across selected key markets in Asia-Pacific, with the average online penetration growth estimated at 14% in 2020. Malaysia’s online retail growth of 17% during the year, the third highest among the countries reviewed, only translates to a country online penetration of 5%. Hence, there is muc ....
Asia-Pacific logistics property specialist LOGOS SE Asia Pte Ltd has entered into a joint venture (JV) with local partner Global Vision Logistics Sdn Bhd to develop a RM1.5 billion sustainable integrated logistics, warehousing and e-commerce hub on three pieces of land collectively measuring roughly 71 acres in Section 16, Shah Alam, Selangor. The project, to be completed in phases, will consist of a total development area of 745,000 sq m (8.01 million sq ft) and a gross leasable area of 505,000 sq m (5.43 million sq ft), in five warehouse blocks. In a press statement, Knight Frank Malaysia managing director Sarkunan Subramaniam says the logistics hub will be a feature asset within the group’s portfolio, with more than five million sq ft upon completion. “We are proud to share that LOGOS’ first venture into the Malaysian industrial market is represented by the largest-ever development project in terms of square footage embarked by the group across Asia.” ....
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Mingtiandi Username Logos’ new site is between Petaling Jaya and Port Klang along the Federal Highway Warehouse developer and fund manager Logos continues to expand its footprint in Southeast Asia, with an announcement this past week revealing that the company has agreed to begin building one of Malaysia’s largest distribution centres. The ARA Asset Management-controlled firm has agreed to a joint venture with local partner Global Vision Logistics Sdn Bhd to develop a RM 1.5 billion ($371 million) logistics complex on a site in Malaysia’s Klang valley, according to an announcement to the Singapore stock exchange by a Global Vision shareholder. ....
Logos inks first Malaysian JV deal thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.