KUALA LUMPUR, Dec 22 — GDB Holdings Bhd’s wholly owned subsidiary Grand Dynamic Builders Sdn Bhd (GDBSB) has secured a design and build contract to construct a logistic hub in Klang, Selangor, worth RM247 million from SDPLOG 1 (Industrial Asset I) Sdn Bhd.
SDPLOG 1 is a wholly owned subsidiary of SDPLOG 1 (MY Holdings) Sdn Bhd and is established under the Sime Darby Property – LOGOS Property Industrial Development Fund 1 LP.
In a filing with Bursa Malaysia today, GDB said the fund is managed by SDPLOG – IDF 1 GP Pte Ltd, a wholly owned subsidiary of SDPLOG – IDF 1 (JV Holdings) Pte Ltd, a joint venture between Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd.
GDBSB’s scope as the main contractor includes designing and constructing piling and substructure works, as well as superstructure, architectural, mechanical and electrical works, as well as a two-storey ramp-up warehouse.
GDB said the 21-month contract is slated to commence on Dec 29, 2022, with targeted completion on September 28, 2024.
GDB group managing director Cheah Ham Cheia said the contract would strengthen the group’s track record in delivering a vast array of buildings, from high-rise residential and commercial buildings to now include industrial properties.
“This new win also boosts our outstanding current order book to RM1.3 billion, which should sustain us till 2024,” he added.
— Bernama
