UEM Sunrise Bhd’s Southern Industrial & Logistics Clusters (SILC) Phase 3, a fully integrated industrial park of approximately 196 acres in Iskandar Puteri, Johor has achieved about RM50 million of sales since its launch at the beginning of 2017. The signing of a sale and purchase agreement was held between UEM Sunrise Bhd and Luxx Newhouse Group, a solid surface, technological quartz and high-end furniture and interior solutions provider, for the latter’s acquisition of a 100,000 sq. ft. site in SILC Phase 3, with an option of another 100,000 sq. ft. Luxx Newhouse is also investing approximately RM80 million over the next five years to create more than 200 new jobs in various aspects of furniture production. SILC’s third and final phase has a total GDV of more than RM800 million with the expected completion date being 1Q18.

(https://www.edgeprop.my /, 24/10/2017)


All rights reserved (C) 2016

Jones Lang Wootton