Kuala lumpur: IOI Properties Group Bhd (IOIPG) today launched its 130.31-hectare (322-acre) IOI Industrial Park Banting, signifying its progress to advance its industrial segment strategy.

According to BERNAMA News Agency, IOI Properties Group chief operating officer for property development (Malaysia) Teh Chin Guan stated that the launch is a key move to meet rising demand for green industrial properties across the country.

Teh highlighted that the IOI Industrial Park Banting is expected to contribute approximately RM1.8 billion in gross development value (GDV) over the next five years to the group's industrial segment. The launch event also marked the opening of the 12,000 sq ft IOI Galleria, a purpose-built sales gallery.

Interest in green industrial investments has risen, according to Teh. The industrial park, anticipated to be completed in two years, will be the company's first GreenRE-certified industrial park. Phase one will comprise 103 factory units of various types, including detached factories, semi-detached factories, and cluster factories.

Teh further mentioned that the company's priority will be industries related to air freight, given the proximity to KLIA. There will also be opportunities for electric and electronic companies, as well as manufacturing sectors such as pharmaceuticals, which require air freight logistics. The site is equipped with significant power capacity, featuring three rows of pylons with two rows at 275kVA and another at 33kVA, making it suitable for industries with high power demands, such as data centres or manufacturing.

The industrial park is designed with sustainability in mind, featuring solar streetlights, solar-adaptable rooftops, EV charging facilities, green-certified materials, and a waste recycling drop-off point. These facilities enable the park to meet modern and future operational demands, reducing energy and water consumption and promoting waste recycling.

Beyond energy and water conservation, the park is engineered with effective stormwater management, including a bioswale and a scenic water retention lake. On waste management, the industrial park aims to recycle or salvage 80 percent of non-hazardous construction materials. With a dedicated recycling centre and composting facilities, the project will contribute to a greener industrial environment.