Malaysia’s Employees Provident Fund Forms JV with Ally Logistic Property
Posted on 10/24/2022
Ally Logistic Property, Co., Ltd. (ALP) is a warehousing solution provider in the Taiwan logistics industry, providing cutting-edge smart warehousing solutions, including warehousing property, automation system integration, and warehousing services. Established in 2014, ALP has constructed six logistics parks and is now managing over 570,000 square meters of space, growing its warehousing portfolio to one of the largest in Taiwan.
On October 6, 2022, Malaysia’s Employees Provident Fund (EPF) and Ally Logistic Property entered into a Shareholders Agreement to develop a 100% pre-leased logistics hub in Bukit Raja, Klang, Selangor. The EPF will invest up to 70% stake in the joint venture company, ALP BR (Malaysia) Sdn. Bhd. (ALP BR). The remaining 30% will be held by ALP.
The logistics facility will be located at Bandar Bukit Raja, Klang, Selangor, on 27 acres of freehold land. The logistics hub will be equipped with the Automated Storage and Retrieval System, or ASRS technology, providing increased efficiency and flexibility for tenants. The hub is expected to be completed by the third quarter of 2024, with a gross floor area of more than 1.8 million square feet and 100 thousand pallet positions in the shared Automated Storage and Retrieval System zone. Upon construction completion, ALP BR will lease out the entire warehouse to ALP under a 15-year master lease agreement.
