KUALA LUMPUR, Nov 28 (Bernama) -- Daiwa House Industry Co., Ltd will start work on its first multi-tenant logistics facility in Malaysia -- ‘D Project Malaysia I’ -- in Shah Alam, Selangor on Jan 7, 2019 to support cold chain logistics as demand has been growing in recent years.
The rental management of the project will be undertaken by Daiwa House Malaysia Logistic Sdn. Bhd -- the company's Malaysian subsidiary established in May 2018, a statement said.
The project is a logistics facility that can accommodate multiple tenants to support the diversifying logistics facility needs in Malaysia, a mechanism to distribute perishable foods and frozen foods to be keep at a fixed temperature from production sites to consumption locations.
The new facility will cover a site area of approximately 30,000 square meters, a total floor area of approximately 18,000 square meters and a rentable area of approximately 16,500 square meters.
It is located in an area lined with factories and logistics facilities in Shah Alam which is approximately 27 km southwest of central Kuala Lumpur and approximately 40 km north of Kuala Lumpur International Airport.
The company had developed the ‘Long Duc Industrial Park’ jointly with Sojitz Corporation and Kobelco Eco-Solutions Co., Ltd. in Vietnam in 2011. It also has been working on developing logistics facilities in Vietnam, Thailand and Indonesia.
-- BERNAMA
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