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Tropicana hits 100% take-up for the first phase of its first industrial venture

Tropicana hits 100% take-up for the first phase of its first industrial venture

19 Oct 2022

Tropicana Corp Bhd has achieved 100% take-up for Phase 1 of its first industrial venture, Tropicana Industrial Park in Iskandar Malaysia, Johor.

There is also a recent sale of land parcels for a total consideration of about RM200 million there. The transaction highlights Tropicana Industrial Park’s appeal as the primary industrial hub in Johor’s Pontian district, catering for light and medium industries.

Tropicana managing director (southern) Karen Lee said in a press release dated Oct 18: “With proximity to the Port of Tanjung Pelepas and the Malaysia-Singapore Second Link to Tuas in Singapore, Tropicana Industrial Park offers unparalleled connectivity for investors with a host of centralised infrastructure, green features and facilities.

She added: “This is seen in the swift take-up for Phase 1 to date. The recent transactions support the signature development’s rapid growth into a dynamic industrial hub that will propel enterprises forward. Its success is a testament to Tropicana’s unique development DNA, as we continue redefining the art of business.”

Tropicana Industrial Park is positioned as the primary industrial hub in Pontian, Johor. Its proximity to the newly completed Sungai Pulai Bridge reduces travel time between Pontian and the Port of Tanjung Pelepas. Its strategic location near the Malaysia-Singapore Second Link facilitates traffic to Tuas and the Jurong East industrial area in Singapore as well.

With proximity to the Port of Tanjung Pelepas, the world’s 15th busiest container port for worldwide cargo shipment, Tropicana Industrial Park offers competitive freight transit costs via sea routes to North American and European markets.

Tropicana Industrial Park spans over 1,188 acres in Iskandar Malaysia, Johor’s southern development corridor. It paves the way for a new era of industrial growth. The hub is made up of eight interconnected, sustainable phases, with each phase encompassing a range of plot sizes such as one, two and three acres.

Source: The Edge Markets