PETALING JAYA: IOI Properties Group Bhd
(IOIPG) has inked an agreement to sell three plots of land at its IOI Industrial Park @ Banting for RM740.68mil.
In a statement, the property developer said the sale and purchase agreement was executed between Fortune Growers Sdn Bhd, a wholly-owned subsidiary of IOIPG and Bridge Data Centres Malaysia VII Sdn Bhd (BDC) on Jan 29, 2026.
IOIPG group chief executive officer Datuk Lee Yeow Seng said the strategic location of the company’s 322-acre industrial park with major highways and the near connectivity to Kuala Lumpur International Airport and Port Klang, provides a strong factor of choice.
“By having a complete and ready infrastructure at our IOI Industrial Park @ Banting, the burden of setting up has eased.
“We are pleased to announce that Bridge Data Centres has acquired 136.03 acres to further expand their data centre business model, and this shows the confidence of our clientele towards IOIPG’s industrial parks.”
By establishing our IOI Industrial Park series in 2024, Lee said the group is aligned with its nation-building initiatives, namely the New Industrial Master Plan 2030 and through ongoing and collaborative efforts by Malaysia Investment Development Authority; as well as Invest Selangor with supportive stakeholders such as the utilities companies and local authorities.
“This strategic pivot is timely for the group’s property development segment expansion,” he said.
The group’s IOI Industrial Park Series, which was launched in September 2024, comprises three locations, including IOI Industrial Park @ Banting.
The 250-acre IOI Industrial Park @ Melaka is in the midst of obtaining the relevant approvals, while the integrated 1,100-acre IOI Industrial Park @
Iskandar Malaysia, which is located within the Johor-Singapore Special Economic Zone, may further expand its acreage due to increasing demand and investments, said the company.
“Looking ahead, while the industrial park sector remains competitive, certain sectors such as logistics and warehousing have seen tremendous growth in Malaysia due to the Straits of Malacca trading route and Malaysia’s well-established sea and air ports, including the nation’s well-maintained infrastructure, accessibility, and international connectivity.”
Citing research data from Mordor Intelligence, IOIPG said the freight and logistics market in Malaysia is expected to reach US$38.28bil by the year 2030, which could result in a sharp increase in demand for logistics warehouse space.
In the pipeline, Lee said the group is considering a 500,000 sq feet logistic warehousing facility to be built in IOI Industrial Park @ Banting and a similar one in IOI Industrial Park @ 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.”
