KUALA LUMPUR (July 23): Property investment company Pelaburan Hartanah Bhd (PHB) said it has acquired two prime industrial properties in Kulim Hi-Tech Park, Kedah and Port of Tanjung Pelepas, Johor, for a total of RM247 million.
The wholly owned subsidiary of Yayasan Pelaburan Bumiputera said in a statement that the acquisitions form part of its strategic roadmap to expand its presence in the industrial asset class and diversify its real estate portfolio in line with long-term growth objectives.
Following the transactions, industrial assets will represent about 10% of PHB’s total investment property portfolio.
The Kulim asset, acquired from Kulim Technology Park Corporation Sdn Bhd, spans 12 acres and includes a four-storey main building and a single-storey warehouse leased to Schott Glass, a global specialty glass manufacturer.
The second property, located in Johor’s key logistics hub and acquired from Rancak Beta Sdn Bhd, covers 9.4 acres and is fully tenanted by logistics giant Maersk.
PHB group managing director and CEO Mohamad Damshal Awang Damit said both assets offer long-term lease stability and quality tenants in strategic economic zones outside the Klang Valley.
“As demand for quality industrial and logistics spaces rises, PHB remains focused on expanding into high-value corridors to optimise long-term performance and sustain attractive returns for Amanah Hartanah Bumiputera [AHB] unitholders,” he said. AHB is a unit trust fund that was established to increase Bumiputera ownership in prime commercial real estate.
Mohamad Damshal added that the acquisitions align with PHB’s strategy to enhance yield and optimise sectoral allocation for more robust and sustainable revenue generation.
Source: The Edge Malaysia (24 July 2025)