Sime Darby Property was created through the integration of the property arms under the former Golden Hope Plantations Berhad, Kumpulan Guthrie Berhad, and Sime Darby Berhad. Apart from its 20,763 acres of landbank spanning from Selangor to Johor, Sime Darby Property also has assets and operations across the Asia Pacific region and the United Kingdom. It is one of the largest property developers in the country by revenue and gross development value (GDV) of current projects. The division was formed through the integration of the property arms of

Golden Hope Golden Hope Plantations Berhad (GHPB) was an estate and plantations company in Malaysia. History In 1905 Harrisons and Crosfield, a British tea and coffee trading company purchased several small estates in Malaysia for £50,000 and amalgamated ...

, Guthrie and Sime Darby during the 2007 Synergy Drive merger. The property arm of Sime Darby traces back to United Estates Projects Berhad, a property development company established in 1964. In 1985, Sime Darby purchased a large stake in United Estates Projects Berhad and the company was renamed Sime UEP Properties Berhad. Sime UEP was used to develop former

oil palm ''Elaeis'' () is a genus of palms containing two species, called oil palms. They are used in commercial agriculture in the production of palm oil. The African oil palm ''Elaeis guineensis'' (the species name ''guineensis'' referring to its co ...

plantation lands belonging to Sime Darby. Sime UEP was the developer of

Subang Jaya Subang Jaya is a city in Petaling District, Selangor, Malaysia. It comprises the southern third district of Petaling. It consists of the neighbourhoods from SS12 to SS19, UEP Subang Jaya (USJ), Putra Heights, Batu Tiga as well as PJS7, PJS9 ...

(which commenced in 1974), which has become one of the most populated townships in the

Klang Valley Klang Valley ( ms, Lembah Klang; zh, 巴生谷; ) is an urban conglomeration in Malaysia that is centered in the federal territories of Kuala Lumpur and Putrajaya, and includes its adjoining cities and towns in the state of Selangor. It is con ...

. This was followed by the developments of USJ and

Putra Heights Putra Heights is a residential township in Subang Jaya, Selangor, Malaysia. It is located within the '' mukim'' of Petaling District. The township is visible by the tall Bukit Cermin in Putra Heights. Transportation Highways and expressways ...

in the surrounding areas by Sime UEP.

Bukit Jelutong Bukit Jelutong (est. pop. 44,000)Lim, L.Y., "Pressured by housing demand", ''New Straits Times'', March 5, 2005 is an upscale suburb of Shah Alam, Selangor, Malaysia. The suburb is a planned community, with an area of over and developed by Gut ...

was developed by Guthrie beginning in 1994 on its former plantation lands. The 299-hectare

Ara Damansara Ara Damansara is an residential township in Petaling Jaya, Petaling District, Selangor, Malaysia. It is located along Jalan Lapangan Terbang Sultan Abdul Aziz. History Ara Damansara was first developed in 1999 by Sime Pilmoor Development Sd ...

development by Sime UEP was launched in 2000. Aside from its developments in the Klang Valley, Sime Darby Property has residential projects in

Negeri Sembilan Negeri Sembilan (, Negeri Sembilan Malay: ''Nogoghi Sombilan'', ''Nismilan'') is a state in Malaysia which lies on the western coast of Peninsular Malaysia. It borders Selangor on the north, Pahang in the east, and Malacca and Johor to the s ...

Johor Johor (; ), also spelled as Johore, is a States and federal territories of Malaysia, state of Malaysia in the south of the Malay Peninsula. Johor has land borders with the Malaysian states of Pahang to the north and Malacca and Negeri Sembilan ...

and

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

. It also owns TPC Kuala Lumpur which has hosted the Malaysian Open,

CIMB Classic The CIMB Classic was a professional golf tournament in Kuala Lumpur, Malaysia, co-sanctioned by the Asian Tour and the PGA Tour. Played in the fall, the event debuted in 2010 and moved to the West Course of the TPC Kuala Lumpur in 2013; the first ...

and

Sime Darby LPGA Malaysia The Sime Darby LPGA Malaysia was a women's professional golf tournament on the LPGA Tour. It was played for the first time in October 2010 at the East Course at Kuala Lumpur Golf & Country Club in Kuala Lumpur, Malaysia. The title sponsor was Sim ...

tournaments. Sime Darby Property is also a 40-percent joint venturer in the

Battersea Power Station Battersea Power Station is a decommissioned Grade II* listed coal-fired power station, located on the south bank of the River Thames, in Nine Elms, Battersea, in the London Borough of Wandsworth. It was built by the London Power Company (LPC) ...

redevelopment project. As of September 2014, the company has a land bank of 19,000 acres (7,689 hectares), not including plantation land owned by Sime Darby Plantations which could be converted for development in the future.

Sime Darby demerger

In 2017, Sime Darby announced its intention to spin off Sime Darby Property into a separate

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

, without a definitive timeline. Analysts had previously speculated on the possibility of an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

of the division or a merger with S P Setia by their common ultimate shareholder,

Permodalan Nasional Berhad Permodalan Nasional Berhad (PNB) is one of the largest fund management companies in Malaysia. It was established on 17 March 1978 as one of the instruments of the government's New Economic Policy. PNB's two notable projects is located in Kuala ...

(PNB). On 30 November 2017, Sime Darby Property was listed on Bursa Malaysia stock exchange. The company faltered in its debut on the Main Market of Bursa Malaysia by opening at RM1.30 at 9am against the issue price of RM1.50. The property development business is complemented by investment in 2 other business segments, namely, property investment and, leisure and hospitality. In May 2018, Sime Darby partnered with Japan’s Mitsui & Co Ltd and Mitsubishi Estate Co Ltd.

References

External links

*{{Official website , http://www.simedarbyproperty.com/ 2007 establishments in Malaysia Property companies of Malaysia Real estate companies established in 2007 Companies based in Kuala Lumpur Companies based in Petaling Jaya Companies listed on Bursa Malaysia