IOI Properties to acquire 50.1% stake in Scottsdale Properties

South Beach, a distinctive mega mixed-use development which also houses the 634-room JW Marriott Hotel, Singapore

KUALA LUMPUR: IOI Properties Group Bhd said its wholly-owned subsidiary has acquired the remaining 50.1% equity in Scottsdale Properties Pte Ltd it does not already own from Ascent View Holdings Pte Ltd for an estimated S$834.22mil (RM2.75bil).

In a filing with Bursa Malaysia, the group said the purchase consideration is based on 50.1% of the consolidated net assets of Scottsdale group as at April 30, 2025.