Sime Darby Property partners with Logos to develop asset in Malaysia

Sime Darby Property Berhad has signed a shareholders’ agreement with LOGOS SE Asia Pte. Ltd. The shareholders’ agreement governs the parties’ relationship as shareholders to a joint venture company named Industrial Joint Venture (Holdings) Pte. Ltd. (JV Co), which will establish a fund management platform to manage funds for the logistics sector, as well as to provide development services.

Sime Darby Property will hold 51 percent equity of the JV Co and become the first public-listed developer in Malaysia to venture into the creation of development funds within the industrial & logistics sector. The remainder 49 percent equity of the JV Co will be held by LOGOS Property. The JV Co will leverage on the synergies between both entities — Sime Darby Property’s presence and track record in the Malaysian property market together with its extensive and strategic land bank, as well as LOGOS Property’s experience in fund management and developing property solutions in