Equalbase, a Singapore-headquartered real asset developer, has signed a tenancy agreement with DB Schenker, a global leader in logistics and supply chain solutions. Equalbase has leased 830,000 square feet GFA, within the 2.2 million square feet of Phase 1 development at 103° in Sunway City Iskandar Puteri, Johor to Schenker.
The lease covers an entire warehouse of three currently being constructed. Schenker’s presence at 103° strengthens its regional operations, enhancing cross-border logistics and supply chain efficiencies between Malaysia and Singapore.
103° is the first Free Commercial Zone within the Johor-Singapore Special Economic Zone (JS-SEZ) co-owned by Equalbase in partnership with Sunway Group, one of Southeast Asia’s leading conglomerates.
Phase 1 of the 4-phase project with over 5 million square feet will go live in the first quarter of 2026. 103° underscores the commercial appeal of the vibrant 2,000-acre integrated sustainable Sunway City Iskandar Puteri, the largest township development of Sunway Group to date.
Schenker’s expansion to the carbon neutral facility highlights its strategic location, world-class infrastructure, and commitment to sustainability. Situated 5km from the Singapore-Malaysia Second Link Bridge, the development serves as a key logistics gateway, allowing companies to streamline regional distribution while benefiting from Johor’s industrial ecosystem and Singapore’s global connectivity.
Mr Nicholas Bischoff, CEO of Equalbase, said: “Equalbase and Schenker share a long-standing relationship built on open collaboration, innovation, and commitment to sustainability. The tenancy agreement at 103° reflects our shared vision for next-generation logistics solutions and our mutual drive for business advancement in a strategically positioned, future-forward facility.
Equalbase Sunway 103° and Schenker’s tenancy demonstrate a shared commitment to quality, environmentally responsible warehousing that aligns with evolving customer expectations and industry standards. The site’s cutting-edge design and carbon neutral initiatives sets it apart as a leading facility, reinforcing Equalbase’s and Schenker’s roles in shaping the future of green supply chain management in Asia.
Ms Catherine Soo, Chief Executive Officer of DB Schenker Singapore and Malaysia Cluster, said: “Johor, fueling the engine of growth is central to driving our Singapore Malaysia cluster strategy forward. We are resolute in our commitment to collaborate with real estate partners who share our core values of sustainability and engineering excellence. Equalbase Sunway 103°, a carbon-neutral free zone facility with a combined footprint of 5 million square feet, presents a unique opportunity for us to develop the next mega logistics campus to prepare capacity for our rapid expansion in the Southern region.”
The development’s prime location within the JS-SEZ improves cross-border connectivity, enabling companies like Schenker to optimise warehouse operations. This movement of Schenker to 103° FCZ positions Equalbase as a pivotal hub supporting industries like automotive, semiconductors, FMCG, and third-party logistics. Equalbase remains committed to developing modern new economy assets that enable global businesses to scale efficiently while aligning with future-ready environmental standards.
