KUALA LUMPUR: TH Properties Sdn Bhd has entered into a strategic joint venture with SD Guthrie Bhd to develop Malaysia's first HALMAS-certified managed industrial park across 464 acres in Bukit Pelandok, Negri Sembilan.
Positioned within the Malaysian Vision Valley 2.0 (MVV 2.0) economic corridor, the estimated market value of land for the development in Bukit Pelandok Estate is above RM220 million.
This new industrial park will be an extension of TH Properties' successful techpark@enstek, an internationally recognised halal hub.
According to the property group, the development will act as a natural expansion of their existing parks and is expected to attract both local and international companies seeking to benefit from Malaysia's globally recognised halal certification.
It will provide much-needed additional capacity and new opportunities for businesses seeking a strategic location near major highways, airports, and seaports, it said.
TH Properties board member Datuk Wan Hashimi Albakri W.A.A. Jaffri said that the strategic location, along with their expertise in developing HALMAS-certified industrial parks, will foster a dynamic industrial ecosystem that draws a variety of businesses.
"This development will play a key role in supporting Malaysia's Vision Valley 2.0 initiative, driving economic growth, and creating job opportunities," he said.
The Bukit Pelandok Project and Techpark 3 are poised to become Malaysia's premier halal hub, following the successful establishment of Techpark 1 and Techpark 2 in Bandar Enstek. The new development will offer a variety of built-to-suit factories, including linked, semi-detached, and detached options, as well as vacant industrial plots tailored to diverse business needs.
With a gross development value of RM1.4 billion, Techpark 3, launched in November 2023, is anticipated to achieve sales performance comparable to its predecessors.
Techparks 1 and 2 are already operating at full capacity, hosting several multinational companies such as Kellogg's, Ajinomoto, Coca-Cola, and Dutch Lady.
Techpark 3 is expected to achieve a full take-up rate for its 189-acre first phase this year, with strong interest from both local and multinational parties.
SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha said that the development's close proximity to existing tech parks offers small and medium enterprises (SMEs) an opportunity to leverage existing facilities and business ecosystems while also making a significant contribution to the region's economic growth.