IOI Properties buys PJ mall for RM680mil

The four deals total about RM1.21bil.

PUTRAJAYA: IOI Properties Group Bhd (IOIProp) is purchasing Tropicana Gardens Mall in Petaling Jaya for RM680mil, in addition to three other acquisitions over the past eight months.

The four deals total about RM1.21bil, with the group saying the addition of Tropicana Gardens Mall is in line with its growth strategy and will strengthen its footprint in the retail industry, providing it with a platform to leverage its expertise.