Tiong Nam enters JV agreement with JLand to develop high-tech logistics park
The JV company — known as JTN Logistics Park Sdn Bhd — will undertake the acquisition of the 300-acre land, plus the development and management of the industrial park.
The JV company — known as JTN Logistics Park Sdn Bhd — will undertake the acquisition of the 300-acre land, plus the development and management of the industrial park.
BCorp said the project is expected to be developed over a period of four years and funded by bank borrowings and internal funds.
The “highly anticipated luxury co-working and event space’s modern and trendy interior” will be “designed, built and managed by Colony with Sunsuria overseeing as a stakeholder”.
“The emergence of well-planned and professionally managed industrial parks shows the transitional shift toward a new generation of industrial developments with an emphasis on ESG attributes and advanced technology adoption.
From the hectic rat race to the inescapable crawling traffic amid the concrete jungle – city life tends to leave you drained and longing for the next getaway in the great outdoors.
There are also new and refreshed stores at both Genting Highlands Premium Outlets (Burbery and Salvatore Ferragamo) and Johor Premium Outlets (Balenciaga, Bally, Fendi, Hooga, Karl Lagerfeld, Kenzo, Sacoor Outlet and Valentino) to welcome visitors.
The boutique property developer said the low density 40-storey high-rise features 395 exclusive units in Bandar Sunway’s first "socialtainment" hotspot, which features vibrant modern lifestyle elements, including Bandar Sunway’s first Bangkok-themed sky bar by Double O Group, with a view of the Bandar Sunway urban enclave.
The company said GDBSB would undertake these works for a two-storey ramped-up warehouse with the mezzanine level at each floor, a staff cafeteria facility, a show gallery, security guardhouses, a refuse chamber and an electrical substation.
Phase one of the project – expected to be completed by December 2025 – includes creating a central platform that unifies urban observatory and digital citizen services platforms; and integrates with IoT and non-IoT components across these city councils.
The property will be used for the group’s future expansion for the production of food and health supplements.