Kadir Andri & Partners Advised Pelaburan Hartanah Berhad On Acquisition Of High-Performing Industrial Property In Malaysia
Kadir Andri & Partners advised Pelaburan Hartanah Berhad on acquisition of high-performing industrial property in Malaysia
The premier Malaysian law firm, Kadir Andri & Partners advised Pelaburan Hartanah Berhad (PHB) on its acquisition of a high-performing industrial property in Kulim Hi-Tech Park, Kedah, Malaysia. The total investment value is approximately RM247 million, combined with the acquisition of another property located at Port of Tanjung Pelepas, Gelang Patah, Johor.
The acquired property spans 12 acres of industrial land and includes a four-storey main building, a single-storey warehouse, and a production area. The property is fully leased to Schott Glass, a global leader in specialty glass and materials technology, highlighting its strong fundamentals and performance. Strategically located within one of Malaysia’s leading high-technology industrial hubs, the acquisition aligns with PHB’s strategic roadmap to expand its industrial asset footprint and diversify its real estate portfolio in line with long-term growth targets.
Commenting on the transaction, Sia Yen Hua (Partner) stated that the acquisition aligns with the Government’s vision to enhance Malaysia’s position in global value chains, promote higher productivity and innovation-driven growth, and prioritise investments in high-growth, high-value areas, including frontier technologies and sustainability-focused initiatives.
The Kadir Andri & Partners transaction was led by Sia Yen Hua (Partner), with support from Sun Her Yee (Associate).
Kadir Andri & Partners (KAAP) is a premier Malaysian law firm headquartered in Kuala Lumpur. Founded in 1976 as Kadir Kassim & Co., the firm has grown into a top-tier legal practice recognized for its role in Malaysia's most complex and high-profile corporate transactions.
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