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Glenmarie Distribution Centre

Located at the Hicom-Glenmarie Industrial Park in Shah Alam, Klang Valley, a region known for its large concentration of logistics facilities and distribution centres, Glenmarie Distribution Centre is a singlestorey detached warehouse with an annexed threestorey office building that enjoys excellent connectivity to major transport hubs such as Port Klang and the Kuala Lumpur International Airport via the North Klang Valley Expressway, ELITE Expressway, Guthrie Corridor Expressway and Federal Highway.

Glenmarie Distribution Centre is currently undergoing a retrofitting exercise to convert the conventional warehouse into an ambient temperature-controlled distribution centre with green amenities. The lease will commence upon the completion of the retrofitting exercise in 2024.

Property Information

  • Tenure
    Freehold
  • Independent valuation(1)
    RM41.2 million
  • Acquisition Price
    RM39.7 million
  • Gross Floor Area/Net lettable Area
    85,104 sq ft
  • Number of committed leases(2)
    1
  • Committed occupancy rate(2)
    100%
Notes:
  1. Based on the valuations as at 31 December 2023 commissioned by MTrustee, trustee of CLMT.
  2. As at 31 December 2023.