I-Bhd is looking to expand its land bank as its existing land in Shah Alam is down to 40%.
Currently, the firm is developing an iconic mixed development in Shah Alam, dubbed i-City. This development sits on approximately 242 hectares of land and comes with a Gross Development Value (GDV) of RM7 billion.
The firm is now looking at a new development site and a proposed land bank via joint venture.
As for i-City, the group owns 30% of the land while the rest are owned by I-Bhd founder Tan Sri Lim Kim Hong. This development is a joint venture between the group and Tan Sri Lim.
Meanwhile, the firm has also joint ventured with Thailand’s Central Pattana Group to develop Central i-City, a 1 million sq ft mall. The masterplan of the township also includes a four-star hotel, which is set to be managed by Double Tree Hilton.
Image: Sourced from The Star
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
