UEM Sunrise Berhad has inked a Sales and Purchase Agreement (“SPA”) with Luxx Newhouse Furniture Sdn Bhd, a subsidiary of Luxx Newhouse Group (“Luxx Newhouse”), for the sale of close to 100,000 sq ft of land in Phase 3 of the Southern Industrial & Logistics Clusters (“SILC”) with an option of another 100,000 sq ft. SILC is a fully integrated 1,300-acre industrial park in Iskandar Puteri, Johor.
Luxx Newhouse’s investment of approximately RM80 million in the next five years will create a series of new jobs in various aspects of furniture production, housing over 200 trained and skilled workers within the 100,000 sq ft of land.
Luxx Newhouse has over 20 years of experience in building material business and have successfully brought their expertise in supplying and fabricating solid surface material across the Asia Pacific region. They are well established in the building industry and have been supporting building developers, architects, designers and individual home owners.
“We are pleased to welcome Luxx Newhouse to SILC Phase 3. Its expertise and core competencies have earned a sterling reputation and Luxx Newhouse has been instrumental in developing bespoke furniture and interior products in collaboration with the globally-renowned Zaha Hadid Architects for Mayfair, UEM Sunrise’s ultra-luxurious development project in Melbourne, Australia.”
“We are confident that this will be a strategic venture that will spur further growth not just for Luxx Newhouse and SILC, but for the wider Iskandar Malaysia region as well,” said UEM Sunrise’s Managing Director/Chief Executive Officer, Anwar Syahrin Abdul Ajib said.
Luxx Newhouse’s President and Founder, Jimmy said, “We are very excited to be part of a catalytic development for Iskandar Puteri. We have followed the development of Iskandar Puteri for a long time – from when it was a region that is full of promise to a young burgeoning town that is full of opportunities.”
“We chose to invest in SILC Phase 3 because we see Iskandar Puteri as a regional hub from which we can best serve the Malaysian market, while simultaneously giving us access to the wider Southeast Asian region. Together with UEM Sunrise, we are eager to contribute towards this thriving city and to be a part of the next phase of growth for Iskandar Puteri”, added Jimmy.
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