KUALA LUMPUR (Feb 4): IOI Properties Group Bhd (KL:IOIPG) said it has signed a deal to sell 136 acres of land at its industrial park in Banting, Selangor to a data centre developer for RM740.68 million. The acquisition of the land by Bridge Data Centres Malaysia VII Sdn Bhd (BDC) reflects continued demand for the group’s industrial park offerings, said IOI Properties group CEO Datuk Lee Yeow Seng in a statement on Wednesday. "And by having a complete and ready infrastructure at our IOI Industrial Park @ Banting, the burden of setting up has eased." IOI Industrial Park @ Banting was launched in December 2025 with a gross development value of RM1.8 billion. Besides IOI Industrial Park @ Banting, the group also owns the 250-acre IOI Industrial Park @ Melaka, and the 1,100-acre IOI Industrial Park @ Iskandar Malaysia located within the Johor-Singapore Special Economic Zone.

Source: The Edge Markets February 04, 2026 12:57 UTC