Kasumigaseki Capital’s Malaysian subsidiary has signed a memorandum of understanding (MOU) with local real estate and infrastructure developer JLand Group Berhad to advance the development of automated cold-storage warehouses. The collaboration is expected to be based in Johor.
KASUMIGASEKI CAPITAL (MALAYSIA) Sdn Bhd, the Malaysian subsidiary of Kasumigaseki Capital, signed a memorandum of understanding (MOU) with JLand Group Berhad, a real estate and infrastructure developer based in Johor, Malaysia, to pursue the development of automated cold-storage warehouses. The article reports that the announcement was made on the same date.
The partnership is based on cooperation in local real estate and infrastructure development and aims to advance plans for automated cold-storage warehouses. As the local subsidiary of a company headquartered in Japan, Kasumigaseki Capital is expected to strengthen its development activities focused on Johor.
JLand Group Berhad is a Malaysian company engaged in real estate and infrastructure development and is positioned as an affiliate of the parent company of KASUMIGASEKI CAPITAL (MALAYSIA) Sdn Bhd. The MOU is viewed as the first step in the companies’ collaboration.