IOI Properties Group Sells Land to Bain Capital-Backed Bridge Data Centers for RM740.68 Million
IOI Properties Group has finalized an agreement to sell three plots of land at IOI Industrial Park @ Banting to Bridge Data Centers for RM740.68 million ($187.7 million). This acquisition encompasses 136.03 acres aimed at expanding Bridge Data Centers' operations. The sale reflects confidence in IOI Properties' industrial parks, which includes multiple locations in its IOI Industrial Park Series.
Theia Market Signal Identification - AI Assisted
IOI Properties Group has signed a deal to sell three plots of land at IOI Industrial Park @ Banting for RM740.68 million ($187.7 million) to Bridge Data Centers, which is backed by Bain Capital. The transaction involves 136.03 acres intended to support the expansion of Bridge Data Centers' data center business.
This agreement highlights the confidence in IOI Properties' industrial parks, part of the IOI Industrial Park Series. The Series includes additional sites such as the 250-acre IOI Industrial Park @ Melaka and the 1,100-acre IOI Industrial Park @ Iskandar Malaysia, which is pending approvals.
Comments