GDB Awarded with RM247 Million Contract to Build Logistic Hub [Business Today]

Construction services firm has successfully secured a RM247.0 million design and build contract to construct a Logistic Hub located in Bandar Bukit Raja 2 Industrial Park in Klang, Selangor.

Grand Dynamic Builders (GDBSB), wholly-owned subsidiary of GDB, accepted the Letter of Award dated 19 December 2022 from SDPLOG 1 (Industrial Asset I) Sdn Bhd, a wholly owned subsidiary of SDPLOG 1.

To recap, SDPLOG 1 is established under the Sime Darby Property – LOGOS Property Industrial Development Fund 1 LP (IDF).

The IDF is managed by SDPLOG – IDF 1 GP Pte Ltd, a wholly-owned subsidiary of SDPLOG – IDF 1 (JV Holdings) Pte Ltd, a joint venture between Sime Darby Property Berhad and LOGOS SE Asia Pte Ltd.

For job scope, GDBSB will be the main contractor includes design and construct piling and substructure works, as well as superstructure, architectural, mechanical and electrical works.
It would undertake these works for a two-storey ramp up warehouse with mezzanine level at each floor, a staff cafeteria facility, a show gallery, security guardhouses, refuse chamber and electrical substation.

The 21-month contract is slated to commence on 29 December 2022, with targeted completion on 28 September 2024, barring unforeseen circumstances.

We are pleased to reinforce our portfolio by designing and constructing a high-end Logistic Hub with sustainability initiatives of LEED Certification for the Client. This would strengthen our track record in delivering a vast array of buildings, from high-rise residential and commercial buildings to now include industrial properties,” Mr. Cheah Ham Cheia, Group Managing Director of GDB Holdings Berhad remarked.

Also, this new win boosts our outstanding current order book to RM1.3 billion, which should sustain us till 2024,” Mr. Cheah added.