Publications

Fundraising - JUNE 24, 2022

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Sime Darby Property, LOGOS complete first closing of industrial fund in Malaysia

by Kali Persall

The Sime Darby Property Berhad and LOGOS SE Asia joint venture (SDPLOG) has completed a first closing of its inaugural Industrial Development Fund.

The close secured 70 percent of capital commitments for a fund size of as much as $250 million. It was anchored by Permodalan Nasional Berhad and Kumpulan Wang Persaraan as first-close investors, alongside Sime Darby Property and LOGOS Property as sponsors and co-investors.

The immediate capital available to the fund for deployment is about $114 million.

Funding will be channeled into the development of sustainable, large-scale, integrated modern logistics assets with green-building certification at its E-Metro Logistics Park in Bandar Bukit Raja, Klang, in Malaysia. At its maiden site, the 177-acre E-Metro Logistics Park, the fund is set to deliver logistics assets spanning 8 million square feet in gross lettable area. The first phase is expected to be completed for identified tenants in June 2023.

The fund a

Forgot your username or password?