IOI Properties Sells 50 Hectares Of Industrial Land In Banting For RM740.68 Mln

KUALA LUMPUR, Feb 4 (Bernama) -- IOI Properties Group Bhd’s (IOIPG) wholly-owned subsidiary, Fortune Growers Sdn Bhd is disposing of 50 hectares (ha) of industrial land in Banting, Selangor, to Bridge Data Centres Malaysia VIII Sdn Bhd (BDC), for RM740.68 million.

In a statement today, the group said the land is located in the IOI Industrial Park @ Banting, and that BDC’s decision to purchase the land is to support the expansion of its data centre business.

IOIPG group chief executive officer Datuk Lee Yeow Seng said the industrial park is strategically located, with access to major highways and close connectivity to Kuala Lumpur International Airport and Port Klang.

He added that the IOI Industrial Park series, established in 2024, aligns with national initiatives such as the New Industrial Master Plan 2030, supported by collaboration with the Malaysia Investment Development Authority (MIDA), Invest Selangor, utilities providers and local authorities.

Aside from Banting, the IOI Industrial Park series currently comprises two other locations: a 101 ha industrial park in Melaka and the 445 ha IOI Industrial Park @ Iskandar Malaysia in the Johor-Singapore Special Economic Zone.

Looking ahead, Lee said the group is planning to set up a 500,000 square feet logistics warehousing facility in the IOI Industrial Park @ Banting and a similar facility in Iskandar Malaysia. 

‘The facilities may be leased long-term with selected logistic partners. This is part of our strategic expansion to strengthen the recurring income portfolio of our property Investment segment in the next few years,” he added. 

--BERNAMA