The Sime Darby Property Berhad and LOGOS SE Asia Pte. Ltd. joint venture (SDPLOG) has held a close for its Industrial Development Fund.
The RM1 billion (($213 million) Shariah-compliant fund sponsored by Sime Darby Property and LOGOS Property consists of five other limited partners, including local institutional investors such as Permodalan Nasional Berhad via unit trust funds under its management (PNB), Kumpulan Wang Persaraan (Diperbadankan) (KWAP), alongside Great Eastern Life Assurance (Malaysia) Berhad and sophisticated investors through TA Islamic Private Investment Fund. It is noteworthy that capital was sourced from local institutional players, private equity and insurance funds, demonstrating confidence from a range of investors for this type of investment.
The capital committed enables SDPLOG to continue to pursue the opportunity to develop sustainable, large-scale industrial and logistics real estate in Malaysia that is certified with green building standard
