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OKH Global’s JV Signs 10-Year Property Lease With BMW Asia

Shares Investment

OKH Global announced that, PALI Senai, a strategic joint venture company (JV Co) with Pan Asia Logistic Investments Holdings, has entered into a lease agreement for a build-to-suit logistics property with BMW Asia Technology Centre.

The logistics property, located at Senai Airport Free Industrial Zone in Johor Bahru, will be designed and built to suit the logistics requirement of BMW Asia.

The lease agreement, which provides up to 761,000 square feet of logistics property space for BMW Asia over 2 phases, is contracted for a period of 10 years which is renewable for an additional 5 years.

Targeted completion and handover of the property is set at November 2016, pursuant to which the group expects a strengthening in its recurring income stream arising from the JV Co.



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