Tropicana registers 100% take-up for phase 1 of first industrial venture

• Tropicana Industrial Park’s proximity to the newly completed Sungai Pulai Bridge reduces travel time between Pontian and the Port of Tanjung Pelepas while its strategic location near the Malaysia-Singapore Second Link “facilitates traffic to Tuas and the Jurong East industrial area in Singapore as well”.

PETALING JAYA (Oct 19): Tropicana Corp Bhd recently registered a 100% take-up for phase 1 of its first industrial venture, Tropicana Industrial Park in Iskandar Malaysia, Johor.

According to a media release by the developer, Tropicana Industrial Park caters to light and medium industries and is also a “central industrial hub in Pontian district set to spur economic growth in the southern region”.

Tropicana Industrial Park also reportedly saw “recent sale of land parcels for total consideration of about RM200 million”, it stated.

Its proximity to the newly completed Sungai Pulai Bridge reduces travel time between Pontian and the Port of Tanjung Pelepas while its strategic location near the Malaysia-Singapore Second Link “facilitates traffic to Tuas and the Jurong East industrial area in Singapore as well”.

“With proximity to the Port of Tanjung Pelepas, the world’s 15th busiest container port for worldwide cargo shipment, Tropicana Industrial Park offers competitive freight transit costs via sea routes to North American and European markets,” said Tropicana.

Karen Lee, managing director of Southern, Tropicana Corp added that Tropicana Industrial Park offers unparalleled connectivity for investors with a host of centralised infrastructure, green features and facilities.

“This is seen in the swift take-up for phase 1 to date. The recent transactions support the signature development’s rapid growth into a dynamic industrial hub that will propel enterprises forward. Its success is a testament to Tropicana’s unique development DNA,” said Lee.

Tropicana Industrial Park spans over 1,188 acres in Iskandar Malaysia, Johor’s southern development corridor.

The hub is made up of eight interconnected, sustainable phases, with each phase encompassing a range of plot sizes such as one, two and three acres.