AsiaNet 76493

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.

--BERNAMA