Country for PR: Japan
Contributor: Kyodo News JBN
Wednesday, November 28 2018 - 16:00
AsiaNet
Daiwa House Industry to Develop First Logistics Facility to Support Cold Chain Logistics in Suburbs of Kuala Lumpur, Malaysia
OSAKA, Japan, Nov. 28, 2018 /Kyodo JBN-- AsiaNet/ --

- Work to Start on D Project Malaysia I -

Daiwa House Industry Co., Ltd. (hereinafter "the Company") based in Osaka will 
start work on "D Project Malaysia I" in Selangor, Malaysia, on January 7, 2019. 
The project 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. This will be the Company's first 
multi-tenant logistics facility (*1) in Malaysia.

(*1): A logistics facility that can accommodate multiple tenants

Image: "D Project Malaysia I"
https://kyodonewsprwire.jp/prwfile/release/M000427/201811270760/_prw_PI1lg_F1Txg0JS.jpg


The Company developed the "Long Duc Industrial Park" jointly with Sojitz 
Corporation and Kobelco Eco-Solutions Co., Ltd. in Vietnam in 2011, and then 
proceeded to attract Japanese companies and obtain orders to build their 
factories there. Since then, the Company has been working on developing 
logistics facilities elsewhere in Vietnam, Thailand and Indonesia.

Against this backdrop, the Company has decided to start work on "D Project 
Malaysia I" to support the diversifying logistics facility needs in Malaysia. 

"D Project Malaysia I" is located in an area lined with factories and logistics 
facilities in Shah Alam, Malaysia. It is approximately 27 km southwest of 
central Kuala Lumpur and approximately 40 km north of Kuala Lumpur 
International Airport. This will be a logistics facility to support cold chain 
logistics (*2), for which demand has been growing in Malaysia in recent years.

(*2): This is a mechanism to distribute perishable foods and frozen foods while 
keeping them at a fixed temperature from their production sites to their 
consumption locations.

The rental management of this project will be undertaken by Daiwa House 
Malaysia Logistic Sdn. Bhd -- the Company's Malaysian subsidiary established in 
May 2018.

Features
1. Development of a logistics facility in a location with easy access to sea 
and air transportation

2. Development of a multi-tenant logistics facility to support cold chain 
logistics

For details, please visit
https://kyodonewsprwire.jp/prwfile/release/M000427/201811270760/_prw_PR1fl_Q3k3pD7r.pdf


SOURCE: Daiwa House Industry Co., Ltd.
Translations

Malay