IOI Properties selling industrial land in Banting to data centre developer for RM741m

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.

"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," said Lee. "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. The first of two phases offers 103 units of detached, semi-detached and cluster factories as well as individual land plots.

IOI Properties previously said that the industrial park targets industries related to air freight, including luxury items and electronic components, manufacturing, pharmaceuticals as well as industries that require high power supply, like data centres.

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.

Looking ahead, Lee said IOI Properties is evaluating a 500,000 sq ft logistics warehousing facility in Banting, alongside a similar development in Iskandar Malaysia, aimed at supporting long-term recurring income for its property investment segment.

"The facilities may be leased long-term with selected logistic partners," he added.   

Shares in IOI Properties closed up five sen or 1.6% to RM3.17 on Wednesday, giving it a market capitalisation of RM17.45 billion.