PHB Expands Industrial Portfolio with RM247mil Acquisitions in Kedah and Johor

Pelaburan Hartanah Bhd (PHB) has acquired two prime industrial properties in Kedah and Johor for a total of RM247 million. The properties are located in strategic economic zones and are fully leased to quality tenants, with the acquisitions forming part of PHB's strategy to expand its industrial asset class and diversify its real estate portfolio. The industrial assets now account for approximately 10% of PHB's total investment property portfolio.

Title: Pelaburan Hartanah Bhd Expands Industrial Portfolio with Strategic Acquisitions

KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB), an investment holding company under the purview of Yayasan Pelaburan Bumiputera, has bolstered its industrial portfolio with two significant acquisitions in Kedah and Johor, totaling RM247 million. These strategic acquisitions aim to expand PHB's industrial asset class and diversify its real estate portfolio.

The first acquisition is a 0.809-hectare property in Kulim Hi-Tech Park, purchased from Kulim Technology Park Corporation. This property features three industrial buildings, including a four-storey main building, a single-storey warehouse, and a production area, all fully leased to Schott Glass, a global specialist in glass and materials technology. The second property, acquired from Rancak Beta Sdn Bhd, is located in Port of Tanjung Pelepas, a key logistics hub in southern Malaysia. Spanning 3.804 hectares, this property is a single-storey warehouse fully tenanted by Maersk, a leading global player in logistics.

Group managing director and chief executive officer Mohamad Damshal Awang Damit stated, "Both assets are high-performing industrial facilities located in strategic economic zones outside the Klang Valley, offering long-term lease stability and quality tenants." He further explained that these acquisitions align with PHB's goal of enhancing yield while optimizing sectoral allocation within its portfolio, ensuring more sustainable and robust revenue generation.

PHB's industrial assets now account for approximately 10% of its total investment property portfolio, indicating a strategic shift towards the industrial sector. The acquisitions are part of PHB's strategic roadmap to expand its footprint in the industrial asset class and diversify its real estate portfolio in line with its growth targets.

References:
[1] https://www.thestar.com.my/business/business-news/2025/07/23/phb-strengthens-industrial-portfolio-with-rm247mil-acquisitions-in-kedah-and-johor
[2] https://economictimes.indiatimes.com/markets/stocks/news/motilal-oswal-alternates-raises-rs-2000-cr-through-sixth-real-estate-fund/articleshow/122836117.cms
[3] https://terragroup.my/blogs/malaysias-industrial-property-outlook-for-2025-what-to-expect