{"id":6306,"date":"2024-07-24T18:00:00","date_gmt":"2024-07-24T10:00:00","guid":{"rendered":"https:\/\/flexstar-assets.com\/v4\/2024\/07\/24\/ioi-properties-group-berhad-expands-in-malaysia-with-rm1-21-billion-in-acquisitions\/"},"modified":"2024-07-24T18:00:00","modified_gmt":"2024-07-24T10:00:00","slug":"ioi-properties-group-berhad-expands-in-malaysia-with-rm1-21-billion-in-acquisitions","status":"publish","type":"post","link":"https:\/\/assets.flexstargroup.my\/v4\/2024\/07\/24\/ioi-properties-group-berhad-expands-in-malaysia-with-rm1-21-billion-in-acquisitions\/","title":{"rendered":"IOI Properties Group Berhad Expands in Malaysia with RM1.21 billion in Acquisitions\u00a0"},"content":{"rendered":"<p>IOI Properties Group Berhad (IOI \u7f6e\u4e1a\u96c6\u56e2, Stock code : 5249) continues\u00a0 to strengthen its business in its home base, Malaysia with RM1.21 billion in acquisitions over the\u00a0 past eight months.\u00a0<\/p>\n<p>IOI Properties Group Berhad (\u201cIOIPG\u201d) announced today that it is acquiring Tropicana Gardens Mall\u00a0 in Tropicana Indah, Petaling Jaya for RM680 million. This acquisition aligns with IOIPG\u2019s growth\u00a0 strategy and enhances its footprint in the retail sector, providing an excellent platform to leverage\u00a0 on its expertise.\u00a0<\/p>\n<p>The seven-storey Tropicana Gardens Mall has a total gross floor area of 2.95 million square feet\u00a0 and a net lettable area (\u201cNLA\u201d) of 1.05 million square feet with an occupancy rate of approximately\u00a0 77%. The mall is connected directly to Surian MRT station and it is accessible via four major\u00a0 highways. It is within the catchment of several matured townships such as Kota Damansara,\u00a0 Sunway Damansara and Mutiara Damansara, as well as the upcoming Kwasa Damansara\u00a0 development.<\/p>","protected":false},"excerpt":{"rendered":"<p>IOI Properties Group Berhad (IOI \u7f6e\u4e1a\u96c6\u56e2, Stock code : 5249) continues\u00a0 to strengthen its business in its home base, Malaysia with RM1.21 billion in acquisitions over the\u00a0 past eight months.\u00a0 IOI Properties Group Berhad (\u201cIOIPG\u201d) announced today that it is acquiring Tropicana Gardens Mall\u00a0 in&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[62],"tags":[],"class_list":["post-6306","post","type-post","status-publish","format-standard","hentry","category-property"],"acf":[],"_links":{"self":[{"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/posts\/6306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/comments?post=6306"}],"version-history":[{"count":0,"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/posts\/6306\/revisions"}],"wp:attachment":[{"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/media?parent=6306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/categories?post=6306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/tags?post=6306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}