KUALA LUMPUR (Feb 4): Sime Darby Property Bhd has kick started its first project under the Malaysia Vision Valley 2.0 development with the groundbreaking of XME Business Park in Nilai Impian, Negeri Sembilan.

Spanning 69.72 acres of freehold land, the business park will be the first managed industrial park in Negeri Sembilan, with a gross development value (GDV) of RM520 million.

Sime Darby Property acting group CEO Datuk Wan Hashimi Albakri said the XME Business Park is strategically located at the gateway of Negeri Sembilan and Malaysia Vision Valley 2.0.

"We are confident of the park doing well due to its great location and the impending enhancements to the infrastructure with major projects such as the East Coast Railway Line," he said in a statement today.

Comprising 149 units, the park will be developed over two phases.

Phase 1, launched in December 2019, consists of 75 units of semi-detached and detached types with built-ups ranging from 5,600 sq ft up to 29,000 sq ft and priced from RM2.5 million to RM18.5 million. Phase 1 has a GDV of RM307 million and is targeted to be completed by November 2021.

"So far, half of the first phase has been taken up within a month of its soft launch with interest pouring in from different business industries," said Sime Darby Property.

Sime Darby Property shares closed 1.96% or 1.5 sen lower at 75 sen today, valuing it at RM5.1 billion. It saw 5.79 million shares traded.