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Asia-Pacific logistics property specialist LOGOS SE Asia Pte Ltd has entered into a joint venture (JV) with local partner Global Vision Logistics Sdn Bhd to develop a RM1.5 billion sustainable integrated logistics, warehousing and e-commerce hub on three pieces of land collectively measuring roughly 71 acres in Section 16, Shah Alam, Selangor. The project, to be completed in phases, will consist of a total development area of 745,000 sq m (8.01 million sq ft) and a gross leasable area of 505,000 sq m (5.43 million sq ft), in five warehouse blocks. In a press statement, Knight Frank Malaysia managing director Sarkunan Subramaniam says the logistics hub will be a feature asset within the group’s portfolio, with more than five million sq ft upon completion. “We are proud to share that LOGOS’ first venture into the Malaysian industrial market is represented by the largest-ever development project in terms of square footage embarked by the group across Asia.” ....