FM Global Logistics buys two more plots of land in Setia Alaman Industrial Park for RM37.7m
The latest acquisition comes shortly after the international freight services provider's announcement in January that it was buying 5.
The latest acquisition comes shortly after the international freight services provider's announcement in January that it was buying 5.
“This is to reduce incidents of double taxing or cascading effect from the tax-on-tax imposition on several layers of the logistics supply chain.
Knight Frank Malaysia executive director of land and industrial solutions Allan Sim said the growth is attributed to tight availability of grade A warehouses and strong leasing demand for specific grade A warehouses.
The international freight services provider said its wholly-owned unit FM Global Logistics (M) Sdn Bhd has signed a sale and purchase agreement with Petaling Garden to buy a 2.
Kenanga said IJM’s acquisition of the Shredded Wheat factory site aligns with its UK expansion strategy, building on the success of the Royal Mint Garden project where it first partnered Network Rail, which is the owner of most highway rails in the country.
With substantial funds allocated to infrastructure projects, this “is an opportunity for developers to participate in large scale projects with lower risk profile”.
FM Global said its board believes that the profit guarantee is reasonable, after taking into account historical aggregate net profit after tax of CAC for FYE 2021, FYE 2022, and the seven-month financial period ended July 31, 2023 of about S$1.
Rental growth expected to ease for remainder of the year as occupiers adopt cautious approach KUALA LUMPUR (Aug 21): Prime logistics rent in 17 key cities across Asia-Pacific showed an average rise of 10.
Interestingly, the two logistics hubs will be fully leased to their master tenant Storio Sdn Bhd, an automated warehouse operator that is headquartered at Wisma Minlon.
Quarterly revenue rose 4.