Area Logistics, by Area Management Sdn Bhd, is an example of modern industrial development. Not only is it Malaysia’s first three-story ramp-up inner-city mega distribution hub, but the 17.7-acre facility is also located 10 minutes away from Kuala Lumpur City Centre.
Kota Seri Langat is a 2,600-acre master development by Seriemas Development Sdn Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), and 220 freehold acres were carved out for Compass, an industrial park.
AREA Real Estate Advisory Sdn Bhd, were appointed by Sime Darby Property’s in January 2021 to undertake the advisory services for the establishment of the Industrial Development Fund and the Transactional Platform for the Industrial Development for the project.
DEMAND for industrial properties, in particular mega distribution, inner-city distribution and purpose-built centres, is holding strong despite a dim outlook for Malaysia’s economy.
The AREA Group of Companies (AREA) has signed a deal with PNB Development for the purchase of 212.54 acres of industrial land in Selangor