Sime Darby Property and partners Mitsui and Mitsubishi Estate, unveil first two tenants of build-to-suit industrial facilities in Bandar Bukit Raja
Sime Darby Property Berhad, Malaysia’s largest developer in terms of land bank and its partners, global trading and investment firm, Mitsui & Co., Ltd. and comprehensive property developer and operator, Mitsubishi Estate Co., Ltd, marked a significant milestone today with a ground-breaking ceremony for build-to-suit (BTS) industrial facilities at Bandar Bukit Raja Industrial Gateway.
The development will be undertaken by its joint venture company, SDMIT Development Sdn Bhd and is spread across 39 acres of prime land amidst a bustling industrial estate within the township of Bandar Bukit Raja. Bandar Bukit Raja Industrial Gateway is a build-to-suit, world-class facility that empowers global supply chain players with competitive advantage.
The first two tenants at Bandar Bukit Raja Industrial Gateway, Leschaco (Malaysia) Sdn. Bhd., a global logistics service provider and Senheng Electric (KL) Sdn Bhd, the leading consumer electronics chain stores in the country, were unveiled during the ceremony witnessed by Dato’ Teng Chang Khim, chairman of Selangor State Investment, Industry and Trade, Small and Medium Industries Committee.
Construction on the BTS facility for Leschaco (Malaysia) Sdn Bhd and Senheng Electric (KL) Sdn Bhd has been planned to begin simultaneously in November 2019. Both facilities have been planned on a combined land area of about 10 acres with build-up area of about 385,000 sq ft.
The build-to-suit facilities are the first-of-its-kind ready supply chain hub, with bespoke Grade A facilities, ready infrastructure that includes water, power supply and telecommunications, and is strategically located amidst Malaysia’s industrial heartland of Bandar Bukit Raja.
They are built to match the customer’s business requirement to realise efficiency of operation, offering flexible spatial designs for high degree of warehouse customisation, long lease options to optimise costs, and implements the latest technology to suit technical and operational needs, fuelling business growth.
Dato’ Wan Hashimi Albakri Wan Ahmad Amin Jaffri, Acting Group Chief Executive Officer of Sime Darby Property Berhad said that tenants have made a fine choice in selecting Bandar Bukit Raja Industrial Gateway to set up operations.
“Bandar Bukit Raja Industrial gateway benefits from being in Selangor, the country’s most industrialised and developed state, an economic and manufacturing driven area with excellent business infrastructure and accessibility, with educated and highly skilled population.”
“Selangor is also home to more than 10 strategic industrial parks, thriving cities and townships. Your business presence here will allow you to reach out to the vast talent pool and business ecosystem to complete your supply chain demand and propel your business growth”.
Eiichi Tanabe, CEO of MBK Real Estate Asia said, “It is our great pleasure to announce the official launch of Bandar Bukit Raja Industrial Gateway project which is the first industrial development within Klang Valley for Mitsui.
This is solely thanks to the continuous support of all stakeholders especially Leschaco and Senheng who have selected Bandar Bukit Raja Industrial Gateway as their new principal location. The Malaysian economy will further grow due to increase in demand from FMCG (fast moving consumer goods) and e-commerce businesses which brings consolidation and relocation needs for warehouses.
We believe we can provide an ideal solution through our BTS products developed in a strategic location at Bandar Bukit Raja. Together with our strategic partners, Sime Darby Property and Mitsubishi Estate, we are confident that the project will be successful.”
MBK Real Estate Asia is a wholly owned subsidiary of Mitsui & Co. Ltd and the real estate arm of Mitsui that undertakes property development and investment activities.
Bandar Bukit Raja Industrial Gateway is also strategically located within proximity to airports, sea ports, and highways. It connects businesses to major administration population and business centres and is served by a network of highways such as the West Coast Expressway.
Jörg Conrad, owner of the global Leschaco group said as an integrated logistics service provider for the chemical industry, the strategic location of Bandar Bukit Raja makes it an ideal location for their warehouse operations. “Paired with the flexibility in the facility design provided to us by Sime Darby Property and Mitsui & Co., we feel very comfortable having selected Bandar Bukit Raja for our new warehouse project.”
Lothar Lauszat, Managing Director of Leschaco (Malaysia) Sdn. Bhd. added that Leschaco’s business requires very particular design features from a warehouse.
“As these requirements are fully met, the new BTS facility will allow us to provide high quality logistics services to our customers and the chemical industry in Malaysia, therefore strengthening and expanding our market position in Malaysia”.
The same sentiment was shared by KC Lim, Deputy Managing Director of Senheng Malaysia who said that as one of the leading consumer electronics chain stores in Malaysia, the company has a wide reach of customers through 100 stores spread across the country.
“Our business requires timely shipment of goods from warehouse to stores and to customers. Bandar Bukit Raja Industrial Gateway’s location close to major highways allows us to save on time, ensuring seamless movement of goods to complete our supply chain demand, while the flexibility in facility design allows us to determine our specifications to suit our warehousing needs.
These, coupled with personalised facilities, infrastructure and lease options, would also enable us to save on investment costs,” he said.
SDMIT is in active discussions with multiple parties for additional tenants of the development. It plans to grow its portfolio of BTS facilities and to enhance long term recurring income through future expansion.
