JLG Capital Sdn Bhd, a wholly owned subsidiary of JLand Group (JLG), has signed a Memorandum of Understanding (MoU) with Kasumigaseki Capital (Malaysia) Sdn Bhd (KCMY) to explore opportunities in Malaysia’s cold-chain and automated logistics infrastructure sector.

The partnership focuses on evaluating joint ventures for the investment, development, ownership and operation of temperature-controlled warehousing. Planned facilities will cover ambient, chilled and frozen storage solutions incorporating automated technologies to maximise storage density and movement speed.

Under the framework, JLG Capital will serve as the local development platform. The company will manage land acquisition, market access, stakeholder coordination and financing options. It may also tap into growth hubs such as the Johor–Singapore Special Economic Zone (JS-SEZ). KCMY will contribute specialised technical capabilities spanning master planning, project funding, leasing management and operations, supported by its international network of logistics clients and business partners.

The initiative aligns with Malaysia’s New Industrial Master Plan 2030 (NIMP 2030), which encourages advanced technology adoption and higher-value industrial development. By combining automated systems with real estate, the collaboration aims to replace traditional storage with facilities that deliver improved capacity and operational productivity.

Datuk Sr. Akmal Ahmad, Group Managing Director of JLG, said:

“For us, the future of real estate is not only about where industries operate, but how well they can operate. This means looking beyond the physical asset and bringing together the right infrastructure, technology and expertise to help businesses become more efficient, resilient and competitive.

“Our collaboration with Kasumigaseki Capital reflects this approach. Together, we are exploring how advanced cold-chain infrastructure can respond to the evolving needs of Malaysia’s industries, improve operational performance and support the transition towards higher-value activities.

“Ultimately, we want the real estate and infrastructure solutions we create to deliver better outcomes for the businesses and people who use them. The value of real estate lies not simply in the spaces we develop, but in what those spaces enable industries and people to do better.”

Mr. Tomohiro Honma, Director and Executive Chairman of KCMY, said:

“Malaysia presents promising opportunities for modern, technology-enabled cold-chain infrastructure. By combining JLG Capital’s strong local market knowledge and development capabilities with Kasumigaseki Capital’s experience in advanced automated cold-storage development and operations, we see a strong foundation to explore potential projects together. We look forward to building a long-term relationship and creating shared value together.”