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GUH To Develop Light Industrial Park In Penang
Malaysia Daily Bulletin | 10 September 2015
By:
  • GUH Holdings’ unit, GUH Realty, has proposed to acquire two pieces of land in Seberang Perai, Penang for RM22.6 million, which will be financed through bank borrowing and internally generated funds.
  • The firm plans to use the pieces of land, totaling 4.9 hectare, to develop a light industrial park as it is of the view that there would be a growing demand for light industrial factories from small and medium size suppliers who would want to be located close to their customers.
  • The land parcels are said to be strategically located in the southern Penang district which has seen the initiation of several government economic programmes such as the Batu Kawan Industrial Park development.

Significance: The proposed acquisitions are in line with the GUH’s ongoing plan to increase and diversify its property land bank in strategic locations with high development value as well as to contribute to its effort to increase and sustain its earnings growth in the property development segment.


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