Simeprop is Malaysia’s pioneering property developer with 50 years of success in the real estate industry. It has built over 100,000 homes in 25 townships and developments, with products spanning residential, commercial, industrial as well as logistics properties. Beyond Property Development, the company also has presence across in other real estate segments, including Investment & Asset Management, as well as Leisure, where it owns the prestigious Kuala Lumpur Golf & Country Club, one of the top golf clubs in Southeast Asia. In the United Kingdom, it is part of a consortium of Malaysian companies in the iconic Battersea Power Station redevelopment project in Central London.
As of December 2022, the company’s Property Development segment has an ongoing land bank for development of approximately 14,800 gross acres, spread across 25 active townships and comprising integrated and niche developments such as industrial and logistics. Meanwhile, its Investment & Asset Management segment owns and manages 5.4 million sq. ft. of properties in the commercial, retail, hospitality, education, and industrial sectors in Malaysia, Singapore, and the United Kingdom. Additionally, it has 4,000 acres of industrial land for future development. Within Leisure segment, the company manages Malaysia's premier Kuala Lumpur Golf & Country Club (KLGCC), featuring a 36-hole tournament standard course in Bukit Kiara, Kuala Lumpur. The segment also manages Kajang's Impian Golf & Country Club (IGCC) and the Sime Darby Convention Centre (SDCC), which is a renowned venue for conferences, events, and exhibitions.
Source: BIMB Securities Research - 1 May 2023
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