KUALA LUMPUR – Pelaburan Hartanah Bhd (PHB), an investment holding company under Yayasan Pelaburan Bumiputera, has expanded its industrial portfolio with the acquisition of two prime properties in Kedah and Johor, valued at approximately RM247 million.
The first asset, located in Kulim Hi-Tech Park, was acquired from Kulim Technology Park Corporation. Spanning 0.809 hectares, it comprises three industrial buildings—a four-storey main facility, a single-storey warehouse, and a production area—all fully leased to Schott Glass, a global leader in glass and materials technology.
PHB Group Managing Director and CEO Mohamad Damshal Awang Damit
The second property, purchased from Rancak Beta Sdn Bhd, is situated within the Port of Tanjung Pelepas, a major logistics hub in southern Malaysia. Covering 3.804 hectares, it features a single-storey warehouse that is fully tenanted by global logistics giant Maersk.
In a statement, PHB Group Managing Director and CEO Mohamad Damshal Awang Damit described the acquisitions as high-performing assets located in strategic economic zones beyond the Klang Valley, offering long-term lease security and reputable tenants.
“With demand for quality industrial and logistics properties on the rise, PHB remains committed to expanding into high-growth industrial corridors to optimise long-term returns and deliver sustainable value to unitholders of Amanah Hartanah Bumiputera,” he said.
He added that the acquisitions are aligned with PHB’s strategy to enhance portfolio yield, rebalance sector exposure, and ensure steady, long-term revenue generation.
PHB noted that the new assets form part of its broader roadmap to diversify its real estate holdings and strengthen its position in the industrial sector. With the latest additions, industrial properties now make up around 10% of PHB’s total investment portfolio.
