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Western Digital to sell landmark PJ sites, Knight Frank appointed as the exclusive agent

13 June 2019

 

Western Digital to sell landmark PJ sites, Knight Frank appointed as the exclusive agent

11 June 2019, Malaysia – Following Western Digital’s announcement to shut down the HDD assembly facilities in Sungei Way Free Trade Industrial Zone (FIZ), Petaling Jaya, Western Digital has confirmed that Knight Frank Malaysia is formally appointed as the exclusive agent. There are 2 facilities for sale, flanking the North Eastern and North Western corners of the Sungei Way FIZ respectively.

The first site measures around 3.6 acres in land size and comprise of a double storey building and a 5-storey building with 2 basement levels with an approx. total build up area of close to 500,000 sq ft. The larger of the 2 sites measures approx. 11 acres in land area with a total approx. build up area close to 500,000 sq ft as well. Both sites come equipped with high grade clean room facilities.

Allan Sim, Executive Director of Capital Markets at Knight Frank Malaysia, says “The Western Digital plants are undoubtedly one of the most prominent and visible buildings along the Puchong - Damansara Expressway (LDP).”

Allan adds, “It is rare for such sizable facility within an established FIZ in PJ to be made available to the market. Most existing FIZs within the Klang Valley are generally full / occupied.” FIZs are export processing zones to cater to the needs of export-oriented industries. Companies in FIZs are allowed duty free imports of raw materials, components, parts, machinery and equipment directly required in the manufacturing process.

“Western Digital was operating in these sites for the company’s hard disk manufacturing operations and have fitted out the plants with high grade equipment including large Class 100 clean rooms. This is a great opportunity for large manufacturers looking to expand their footprint in Malaysia with high grade facilities ready for immediate operation,” he adds.

Allan commented, “We have received numerous enquiries on the sites since the official sale advertisements have been published. Both end-users and developers are keen on the prospect of the sites being rejigged to house new export-oriented manufacturing activities or to be redeveloped in the future.”

Interested parties could contact Knight Frank Malaysia at 03-2289 9688 for further details. 

END

For further information, please contact:

Wee Wei Lynn, Assistant Manager, Capital Markets, Knight Frank Malaysia

weilynn.wee@my.knightfrank.com +603 2289 9631

Lee Wei Chien, Manager, Capital Markets, Knight Frank Malaysia

weichien.lee@my.knightfrank.com +603 2289 9603

Allan Sim, Executive Director, Capital Markets, Knight Frank Malaysia

allan.sim@my.knightfrank.com  +603 2289 9606

Notes to Editors

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 15,000 people operating from 418 offices across 60 countries. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit knightfrank.com.

Knight Frank has a strong presence in Malaysia with its headquarters in Kuala Lumpur as well as branches in Penang, Johor and Kota Kinabalu. The company offers high-quality professional advice and solutions across a comprehensive portfolio of property services and is registered with the Board of Valuers, Appraisers and Estate Agents. The Company is licensed to undertake property, valuations / consultancy, estate agency and property management and is also on the panel of all leading banks and financial institutions. For further information about the Company, please visit www.knightfrank.com.my.

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