ISP Group of Companies is acquiring an industrial property in Plentong, Johor, for RM35.1 million, strengthening its commitment to expanding its industrial real estate portfolio by investing in high-potential locations.
The property, situated in Taman Perindustrian Cemerlang, includes an estimated associated cost of RM1.8 million. The transaction is expected to be completed within three months, with an optional one-month extension if required.
Eric Ng, founder and group chief executive officer of ISP Holding, said that this acquisition reflects the group's ongoing efforts to strengthen its presence in the industrial real estate sector.
"The property's strategic positioning within Plentong's industrial hub makes it an ideal choice for logistics, manufacturing, and warehousing businesses. Upon completion, we will actively seek tenants for the property, capitalising on the demand for strategically located, modern industrial spaces," he said in a statement.
