In a joint statement with the Malaysian Investment Development Authority (Mida) on Friday, EPMB said that the new facility will unfold in several phases at the HICOM Pegoh Industrial Park in Alor Gajah, Melaka.
The mature electronics company signed the MOA with Echo Asia (Hong Kong) Ltd, an affiliate of Hong Kong-listed Echo International Holdings Group Ltd, and CHEC Construction (M) Sdn Bhd, a wholly-owned subsidiary of China Harbour Engineering Company Ltd.
The disposal will result in UEM Sunrise no longer being the main driver of the development of the commercial zone of Medini, as its shareholding in NLSB will decline to 49% from 55%, while that of IHH will increase to 51% from 45%.
Presenting Knight Frank Malaysia's white key paper titled “ESG by Design: Selangor’s Path To Sustainable Industrial Real Estate”, Frank Malaysia executive director Allan Sim said: “With the launch of Selangor’s Managed Industrial Park (MIP) standard, coupled with green features certification and ESG adoption, MIP developments are expected to attract high-value investment.
The 12 tenants are Jihun Korean Fried Chicken, My BurgerLab, BarTailor, Chinese traditional herbal jelly and tea vendor Koong Woh Tong, beauty and collagen drink company Kinohimitsu, Anytime Fitness, Regen Healthcare, children’s toy store Alilo, swimming school Optimum Train Global, drama school Blubricks, Ace Edventure, and STEM programme center Robothink.
The group plans to construct factories and covered warehouses on the land as part of its long-term plan to relocate some of its operations and existing tenants from its current location on Jalan Kapar.
Reneuco said its wholly owned subsidiary Reneuco RE was appointed by MBPJ for the proposed installation, which involves 267.
The site has been selected to be developed into a hyperscale data centre park called the AREA Data Centre Campus (ADCC).
With a gross development value (GDV) of RM1.
Every building on Andaman Island has been designed to meet Green Building Certification standards, the statement read, and E&O is working closely with its architects and builders to minimise the use of new raw materials.
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