News Snippets

Area Logistics set to ride on strong demand

Demand for industrial properties, in particular mega distribution, inner-city distribution and purpose-built centres, is holding strong despite a dim outlook for Malaysia’s economy.

Knight Frank Malaysia is expecting more high-tech manufacturers, especially from China, to make Malaysia their manufacturing hub, taking advantage of the country’s adequate supply of raw materials and relatively low operating costs.

Seeing demand spilling in from countries around the world, real estate private equity and advisory firm Area Management Sdn Bhd is setting up Area Logistics @ Ampang to tap business opportunities from multinational companies and local industry players.

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