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MUI Properties Bhd plans to acquire eight land parcels in Negeri Selangor through its subsidiary, MUI Industrial Estates, in a deal worth 605 million RGT. This acquisition aims to expand the company's industrial estate holdings and strengthen its strategic position in Selangor's growing industrial market. The parcels are anticipated to support long-term industrial projects and attract a mix of local and international investors. The move continues MUI Properties' historical strategy of investing in strategic land assets to diversify and grow its real estate portfolio.
MUI Properties Bhd has revealed plans for its subsidiary, MUI Industrial Estates, to acquire eight parcels of land located in Negeri Selangor. The total deal is valued at 605 million RGT. The company indicated that the acquisition is part of its strategic approach to expand its industrial estate portfolio in the region. Advertisement
This move follows MUI Properties' consistent efforts in diversifying its real estate holdings, particularly in industrial and commercial segments. Analysts note that the acquisition aligns with rising demand for industrial spaces in Selangor, given the state's robust economic growth and industrial development initiatives. The parcels are expected to enhance the company's capacity for long-term industrial projects, potentially attracting both local and international investors.
Historically, MUI Properties has focused on acquiring and developing strategic land assets to strengthen its real estate footprint. This proposed transaction reinforces the company's commitment to sustaining growth in high-potential regions while ensuring a balanced expansion of its industrial estate portfolio. The acquisition is expected to undergo standard regulatory approvals before completion.
Source Reuters
5th Jun, 2025
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