Mah Sing Group Berhad and KLK Land have confirmed a major joint venture to develop a new industrial hub in Johor, Malaysia. The partners will transform 419.15 acres of freehold land in Kulai into the MS Industrial Park @ Kulai, a project with an estimated gross development value of RM2.26 billion. Mah Sing will hold a 60% stake in the venture and lead the development, while KLK Land retains 40%.
The Illinois Economic Development Corporation and Ameren Illinois have launched a new pilot scheme called the Ameren Site Acceleration Program. This initiative aims to speed up the preparation of development-ready land across central and southern Illinois. By focusing on three specific sites in Champaign, Decatur, and Ottawa, the partners hope to attract major corporate investments and industrial expansions.
Barings has expanded its Australian industrial footprint with the off-market acquisition of the Smithfield Industrial Estate in Sydney. Purchased through the BRAVA V fund, the estate covers nearly 57,000 square metres and supports 52 tenancies. The site is strategically located near Parramatta and major freight corridors, offering significant value-add potential. This deal is one of three initial Sydney investments for the fund, which now totals A$686 million in assets.
LBA Logistics has acquired Core45 Building 1, a newly constructed 616,068-square-foot Class AA industrial facility in the South Dallas market. The sale was managed by JLL Capital Markets, which represented the seller, an affiliate of Grandview Partners. Completed in 2023, the property is 48 per cent leased to investment-grade tenant Owens Corning.
Investcorp Capital PLC, the ADX-listed firm founded by Investcorp, announced the acquisition of a diversified US industrial real estate portfolio for approximately $400 million. The 35-building, 2.6 million square-foot portfolio is 97% occupied and spans seven resilient coastal markets including Sacramento, Philadelphia, Long Island and multiple locations in Florida.
Elsewedy Industrial Development has signed a major agreement with Kunming Chuanjinnuo Chemical Co. (CJN) to build a phosphate chemical industries complex in Egypt. The project will be located in Sokhna 360 and involves a total investment of nearly USD 1 billion. It aims to produce fertilisers, specialty chemicals and electric vehicle battery materials. The initiative is expected to create 10,000 jobs and position Egypt as a regional hub for new energy materials.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
