PETALING JAYA: IJM Corp Bhd has announced two significant property developments – an additional investment in Malaysia's warehousing logistics sector and the acquisition of a property site in the United Kingdom (UK). IJM said the first phase of SAILH, which commenced construction inSeptember last year, includes a four-storey warehouse complex, multi-level parking and office space with ancillary buildings. IJM's SAILH investment follows a RM653.6mil construction contract win by its construction arm, IJM Construction, in June last year, and showcases the synergies between the group’s construction and property repertoire. “This decision not only expands IJM's industrial property portfolio, focusing on high-value assets that generate recurring income, but also reflects our expertise in infrastructure and construction. “These investments in Malaysia and the UK reflect our strategic vision to strengthen IJM's footprint in the logistics sector and international property development.

Source: The Star January 12, 2024 21:39 UTC