(From left) UEM Sunrise chief operations officer (southern) Zamri Yusof, Anuar, AME group managing director Kelvin Lee and executive director Simon Lee at the signing ceremony.

KUALA LUMPUR: UEM Sunrise Bhd has inked several definitive agreements with wholly-owned subsidiaries of industrial park specialist, AME Elite Consortium Bhd (AME). This is for the sale of 72 freehold industrial plots measuring 169.8 acres in phase three of Southern Industrial and Logistics Clusters (SiLC) for a total consideration of RM434.3mil. The agreements were signed with Pentagon Land Sdn Bhd and Greenhill SILC Sdn Bhd. 

UEM Sunrise performance delivery and commercial chief officer Anuar Kasim said the sale would be the start of a strategic collaboration between UEM Sunrise and AME, a specialist in the construction of customised large manufacturing plants and design-and-build and development of industrial parks.

“We are confident that this collaboration with AME will be another catalyst for the Iskandar Puteri development masterplan, particularly in accelerating the growth and development of SiLC. This will have a positive impact on the rapidly growing township of Iskandar Puteri, enhancing its livable qualities for the surrounding communities,” he said.

The deal will also create new business and employment opportunities in the region. Additionally, it helps promote a conducive economic environment to spur demand for the southern property products of UEM Sunrise. The sale is expected to steadily contribute to UEM Sunrise’s earnings over the next three to four years with proceeds to be channelled towards the company’s strategic initiatives including new land banking opportunities. Among the catalytic developments under the Iskandar Puteri development masterplan is the development of integrated industrial parks, of which SiLC forms an essential component.

With phase one and two of SiLC sold out, the collaboration with AME will enable the rollout of phase three more rapidly as UEM Sunrise will be dealing with an industrial park specialist, rather than several plot buyers. AME has given its commitment via the definitive agreements to acquire the entire balance of industrial plots in SiLC phase three.

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