62 AL-SALAM REIT 5. INDUSTRIAL T he industrial sector remained the best-performing sector despite facing many challenges. Johor ranked 3rd with RM6.67 billion total approved investments for January – June 2022, about 20% of total approved investment in Malaysia. For FDI, Johor is 2nd, after Kedah, with approved investments of around RM5.65 billion for 1H 2022. I M’s industrial transaction volume doubled in 1H 2022 to 566 units compared to 375 units in 2021 while transaction value was RM2,387 million, up from RM1,313 million in 1H 2021. Several prominent transactions were noted : • A xis-REIT acquired a single-storey detached factory at Kawasan Perindustrian I-Park, Bandar Indahpura, Kulaifor RM16.3 million in February 2022. • A pril 2022, Axis-REIT acquired a logistics warehouse facility within Pelabuhan TanjungPelepas, Johor for a consideration of RM390 million. • F ranco Italian multinational electronics and semiconductors manufacturer awarded the construction of its new manufacturing plant to Kelington Group Bhd in Johor for RM114 million in June 2022. • I ngenieur EPCM SB, a wholly owned subsidiary of IGB, inked a conditional sale and purchase agreement with Dynaciate Engineering SB to dispose of a piece of leasehold industrial land together with buildings erected at Kawasan Perindustrian Pasir Gudang for a consideration of RM16.6 million. • A ttractive Venture (JB) SB acquired two pieces of industrial land measuring an area of approximately 8 acres in aggregate for a total consideration of RM12.2 million. • S outh Korea’s SPC Group is investing RM130 million to develop its first Paris Baguette regional halal food hub consisting of seven production lines known as SPC Centre at Nusajaya Tech Park. SPC Centre witnessed its groundbreaking in October 2022. • P aragon Globe Bhd inked a deal to build and design Shimano Components (Malaysia) Sdn Bhd’s two units of the single storey detached factory together with a double storey office on 4.95 acres of land in Pekan Nenas Industrial Park for RM45 million. The manufacturing facility is expected to be completed by 2024. • M assachusetts based Insulet Corporation invested RM878 million for the development of a medical device manufacturing hub at i Tech Valley in SiLC (Extracted from CBRE/WTW Market Outlook Report 2023) MARKET REPORT SUMMARY
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