KLANG: Sime Darby Property Bhd’s expansion of E-Metro Logistics Park through Metrohub 4 and Metrohub 3 will contribute an additional RM800 million to the group’s assets under management (AUM), lifting the portfolio to about RM5.2 billion from RM4.4 billion currently.
Managing director of property development Datuk Mohd Sohimin Mohd Alayedin said the projects underscore the growing importance of industrial and logistics assets within Sime Darby Property’s long-term recurring income strategy.
“Upon completion, these two phases will add more than 2.2 million sq ft of Grade-A logistics space and contribute approximately RM800 million in additional AUM to Sime Darby Property,” he said at the Metrohub 4 opening and Metrohub 3 groundbreaking ceremony today.
Mohd Sohimin said Sime Darby Property currently manages about 2.5 million sq ft of warehouse space within Bandar Bukit Raja alone, representing a significant portion of the group’s existing AUM and reflecting the increasing contribution of industrial and logistics assets to its investment and asset management business.
Upon completion of both Metrohubs, the E-Metro Logistics Park portfolio will exceed 4.2 million sq ft of warehouse space, which the group said is advancing Sime Darby Property’s portfolio towards high-specification, institutional-grade logistics facilities targeted at multinational tenants.
Spanning 177 acres of freehold land within Bandar Bukit Raja, E-Metro Logistics Park is emerging as a key logistics destination for regional and multinational occupiers and forms an integral component of Sime Darby Property’s industrial strategy, Mohd Sohimin said.
The first two phases of the development, Metrohub 1 and Metrohub 2, have been completed and are fully tenanted, delivering about 1.8 million sq ft of net lettable area.
Mohd Sohimin said the full occupancy of both facilities serves as a strong validation of market demand for institutional-grade logistics assets and reinforces confidence in SDPLOG’s growth strategy and ability to deliver at scale.
Metrohub 4, spanning approximately 1.38 million sq ft, is the largest multi-tenanted ready-built warehouse within the Metrohub portfolio and will house the regional distribution centre of global beverage chain Mixue, which has already committed to 13.4% of the facility’s net lettable area ahead of its opening.
Metrohub 3, scheduled for completion in the third quarter of 2027, will comprise two warehouse blocks totalling approximately 840,000 sq ft.
One of the blocks will include provision for dangerous goods storage, offering customers greater flexibility to handle specialised cargo, including lithium batteries and other materials associated with the growing electric vehicle supply chain.
Mohd Sohimin said E-Metro forms an integral component of Bandar Bukit Raja’s wider industrial ecosystem, which includes industrial developments, residential communities, healthcare facilities, educational institutions, retail outlets and recreational amenities.
“The logistics park itself sits within Stage 2 of Bandar Bukit Raja’s master plan, while we are already actively progressing Stages 3 and 4,” he said.
To support the expansion of its industrial and logistics business, Sime Darby Property established SDPLOG, a fund management platform through a joint venture with ESR Group that combines the developer’s landbank and local market expertise with institutional-grade industrial asset development capabilities.
The platform currently manages an RM1 billion syariah-compliant Industrial Development Fund, supported by institutional investors including Permodalan Nasional Bhd, Kumpulan Wang Persaraan and Great Eastern.
Mohd Sohimin said the fund structure enables Sime Darby Property to unlock the value of its industrial landbank while raising the standard of industrial real estate in Malaysia.
“The Industrial Development Fund is an innovative structure that enables us to deliver institutional-grade assets within this logistics park that create sustainable value for our stakeholders and, at the same time, raise the standard of industrial real estate in Malaysia.”
ESR head of Southeast Asia Jai Mirpuri said demand for high-quality logistics infrastructure continues to grow across Southeast Asia, with Malaysia emerging as one of the region’s most attractive investment destinations.
“Metrohub 3 and 4 represent the next phase of our commitment here, underpinned by a strong partnership with Sime Darby Property and the continued confidence of our capital partners.
“E-Metro Logistics Park reflects what customers are looking for as they expand and strengthen their supply chains across the region.”
