PETALING JAYA: SP Setia Bhd announced that it has partnered with Taiwan’s warehousing infrastructure developer Ally Logistic Property Co Ltd (ALP) to develop a build-to-lease warehouse on a 42-acre plot at Setia Alaman, Klang.
This marks SP Setia’s first partnership with ALP for Setia Alaman Industrial Park, part of the developer’s eco-industrial masterplan with a gross development value (GDV) of RM4bil.
"Our collaboration with ALP represents a significant milestone for Setia's industrial development. This partnership aligns with our commitment to creating sustainable growth, and we are excited to create a future-ready industrial ecosystem that will attract regional and international tenants. Moving forward, the industrial pillar will be Setia’s new growth business pillar," said SP Setia’s chief operating officer Datuk Zaini Yusuff.
The development will feature two smart warehouses equipped with AS/RS systems, one for advanced cold chain logistics and the other for high-efficiency ambient storage, providing approximately 1.5 million sq ft in floor area and offering capacity for 150,000 pallet locations.
SP Setia said it will also develop 1,000 acres of its landbank for industrial purposes. These projects are designed to cater to the growing demand for green-themed industrial parks and logistics infrastructure and are poised to significantly enhance the company’s revenue and profitability.
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