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Sime Darby Property-LOGOS JV announces first close of US$250mil fund

The Star Business LogoThe Star Business1 mo ago

Sime Darby Property-LOGOS JV announces first close of US$250mil fund

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KUALA LUMPUR: Sime Darby Property Bhd (SDP) and LOGOS SE Asia Pte Ltd joint venture, SDPLOG has announced the first close of its inaugural Industrial Development Fund, with 70 per cent in capital commitments secured for a fund size of up to US$250 million.

"The E-Metro Logistics Park is strategically located and connected to highways, seaports, and airports, making it an ideal location for regional supply chain hubs,” he added.

"We are confident that the overall interest in logistics as an asset class will increase.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Sime Darby Property /Business/Business News Corporate News LOGOS PNB Logistics Sustainable KWAP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 11:18:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 254 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 7075

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 50m ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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