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SELANGOR (Feb 4): IOI Properties Group Bhd inked an agreement to sell three plots of land at its IOI Industrial Park @ Banting for RM740.68 million recently.
The sale and purchase agreement was executed between Fortune Growers Sdn Bhd, a wholly owned subsidiary of IOI Properties and Bridge Data Centres Malaysia VII Sdn Bhd (BDC) on Jan 29, 2026.
“We are pleased to announce that Bridge Data Centres (BDC) 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,” said IOI Properties Group CEO Datuk Lee Yeow Seng via a media release.
“The strategic location of our 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. And by having a complete and ready infrastructure at our IOI Industrial Park @ Banting, the burden of setting up has eased.”
“By establishing our IOI Industrial Park series in 2024 , the group is aligned with our nation-building initiatives, namely the New Industrial Master Plan 2030 and through ongoing and collaborative efforts by Malaysia Investment Development Authority (MIDA), 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,” added Lee.
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 (JS-SEZ), may further expand its acreage due to increasing demand and investments.
“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 Melaka trading route and Malaysia’s well-established sea and air ports, including the nation’s well maintained infrastructure, accessibility, and international connectivity,” stated the company.
According to research data from Mordor Intelligence, the freight and logistics market in Malaysia is expected to reach US$38.28 billion (RM150 billion) by the year 2030, which could result in a sharp increase in demand for logistics warehouse space.
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