Crown Malaysia signs an investment agreement with UEM Sunrise
27 Feb 2017
Crown Malaysia has signed a Sales and Purchase agreement with UEM Sunrise Berhad on a new facility development in Iskandar Puteri, Johor. UEM Sunrise is a public-listed company and one of Malaysia’s leading property developers. Being the master developer of Iskandar Puteri, UEM Sunrise will develop SILC phase 3 to become the largest fully integrated urban development in Southeast Asia, providing significant investment, financial and business opportunities.
Crown Malaysia joined other international companies to invest in Southern Industrial Logistics Clusters (SILC) phase 3, a UEM Sunrise’s industrial park houses light to medium industries. With the purchased land size of 180,000 square feet, will be developed into a facility with a capability to store over 1.5 million boxes of corporate documents for its records management business as well as being home in the south of Malaysia for its relocations and world mobility businesses.
Leon Hulme (Managing Director, Crown Malaysia) expressed excitement at being a part of a catalytic development for Iskandar Puteri, said: “We have followed the development of Iskandar Puteri for a long time – from when it was a region that is full of promise to a vibrant town that is full of opportunities. We chose to invest in SILC phase 3 because we see it ideally located with its easy access to and visibility from the Malaysia-Singapore Second Link highway. Crown already has a growing business in the south of Malaysia and we believe it is important to show our commitment to the area for our current customers and be ideally placed for the growth in the market we believe is to come in the future.”