IOI Properties group chief operating officer Teh Chin Guan: "With three industrial parks, including one under planning, in industrial growth areas such as Johor, Selangor and Melaka, I am confident that the launch of the IOI Industrial Park series readily positions the group as one of the premiere industrial developers in the country.
It developments 2 Rio Office Park and 2Rio Residence in IOI Rio have eco-friendly features and excellent connectivity while the company organises public engagement and awareness events like the City Nature Challenge (CNC) 2024, CNC Kids Nature Walk, Town Park Night Walk, Earth Hour and Waste to Treasure campaigns.
Shenton House is located in Singapore’s Central Business District with 204 strata units on site.
The IOI Central Boulevard Towers in Singapore added RM1.
HLIB said that while the mall is currently loss making, it sees value in this acquisition.
Tropicana Corp: “This transaction aligns with the group's ongoing strategic initiatives to monetise its low-yielding landbanks and investment properties, providing the financial flexibility necessary to support future growth”.
TA Securities and Hong Leong Investment Bank (HLIB) said the net gearing of IOI Properties would substantially rise to 0.
Shenton House covers 3,377 sq m and is designated for commercial use with a gross plot ratio (GPR) of 11.
Looking to the final quarter of the financial year, IOI Properties said the group is optimistic of a satisfactory performance, adding that its property development segment in the Klang Valley is poised to improve with a strong pipeline of launches while its Johor projects are well-capitalised on various proposed initiatives taking shape in the state.
The company has yet to announce Melissa Tan Swee Peng’s replacement.
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