Real Estate Management and Development
Company Overview of Sime Darby Property Berhad
Sime Darby Property Berhad engages in the residential, commercial, and industrial property development in the Asia-Pacific region. The company also engages in asset management, hospitality, and leisure projects. It has projects in Malaysia, Singapore, Australia, Indonesia, Vietnam, and China. The company was founded in 2007 and is based in Petaling Jaya, Malaysia. Sime Darby Property Berhad operates as a subsidiary of Sime Darby Berhad.
Block G, 10th Floor
No.2, Jalan PJU 1A/7A, Ara Damansara, PJU 1A
Petaling Jaya, 47301
Founded in 2007
Key Executives for Sime Darby Property Berhad
Managing Director and Director
Head of Property Investment and Asset Management
Senior Vice President of Property Malaysia
Senior Vice President of Property International
Compensation as of Fiscal Year 2015.
Sime Darby Property Berhad Key Developments
Sime Darby Property Bhd, Penang Development Corp. Ink Park Deal
Jul 1 15
SIME Darby Property Bhd has inked a deal with Penang Development Corp. to develop an industrial park in mainland Penang. The Small Medium Enterprise (SME) High-Tech Park will be developed on a former oil palm plantation measuring nearly 2,000ha in Byram and Changkat, 8km west of Nibong Tebal. Under the proposed master plan, Sime Darby Property will develop 376ha (18.8% of the land) for small and medium industries (SMIs) while PDC will develop 1,626ha (81.2%) for heavy, light and moderate industries, SMIs and mixed projects. Sime Darby Property's investment in the proposed project has been tagged at a development value of MYR 1.8 billion, while PDC's portion was not disclosed.
IHH Healthcare Reportedly In Talks To buy Mahkota Medical Centre
May 7 15
IHH Healthcare Berhad (KLSE:IHH) may acquire Mahkota Medical Centre Sdn Bhd. Business Times reported that IHH Healthcare is in talks with Health Management International Ltd (SGX:588) to purchase Mahkota Medical Centre. The report added that IHH Healthcare and Sime Darby Property Berhad have made offers for Mahkota Medical Centre, which is 48.95% owned by Health Management. It further mentioned that no announcement has been made by both companies so far.
Perak Corp. Privatization Plan Hits Snag
Oct 25 14
The plan by Perbadanan Kemajuan Negeri Perak ('PKNP') to privatise Perak Corp. Bhd (KLSE:PRKCORP) has hit a snag following opposition from Sime Darby Property Berhad. Perak Corp. said it was informed by PKNP and concerted parties to withdraw the proposal, which involves selective capital reduction ('SCR') and repayment exercise totalling MYR 183 million, or MYR 3.90 per share. "Perak yesterday received a letter from PKNP, on behalf of and together with Fast Continent Sdn Bhd, Cherry Blossom Sdn Bhd and Perak Equity Sdn Bhd, requesting it to withdraw the proposed SCR," Perak said in a filing to Bursa Malaysia. The withdrawal was made after Sime Darby Property informed that it would be voting against the SCR at Perak Corp.'s upcoming extraordinary general meeting.
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