MAIN Market-listed property developer Paragon Globe Bhd (PGB) has marked the official ground-breaking of the PGB-GSP AutoPark which is positioned as an “integrated automotive industrial hub” in Iskandar Puteri, Johor.
The development marks the operational launch of the group’s strategic partnership collaboration with GSP Automotive Malaysia Sdn Bhd, a subsidiary of Shanghai-listed GSP Automotive Group to build a high-value, dedicated automotive industrial ecosystem.
The event was officiated by Johor State Economic and Investment advisor Datuk Seri Utama Hasni Mohammad alongside the Malaysian Investment Development Authority (MIDA) Johor director Mohamad Reduan Mohd Zabri.
The ground-breaking ceremony kicked off construction of two new factories which PGB is building for GSP under long-term tenancy agreements with PGB’s wholly-owned subsidiary PGB Landmark Sdn Bhd.
These factories will be located on two leased land parcels – PTD 3004 and PTD 11500 – which are adjacent to a plot of land (PTD 3003) previously acquired by GSP.
Scheduled for completion in 4Q 2027, the two new factories will feature a combined estimated built-up area of 427,847.68 sq ft with both designed to achieve GreenRE certification in line with global sustainability standards.
Crucially, the development positions PGB as a direct infrastructure of infrastructure for Johor broader economic goals.
Strategic connectivity
Under the Maju Johor 2030 vision and the impending Johor-Singapore Special Economic Zone (JS-SEZ), the state is aggressively targeting high-value foreign direct investments specifically in advanced manufacturing, precision engineering and automotive components.
“Johor has a very clear mandate to become a global hub for advanced manufacturing. As a home-grown developer, our role is to build the exact infrastructure the state needs to attract these foreign direct investments (FDIs),” commented PGB’s executive chairman Datik Seri Edwin Tan Pei Seng.
“We’re not only building factories but creating an active industrial ecosystem in Iskandar Puteri where global automotive players can plug straight into the regional supply chain.”
Added Tan: “GSP brings the international automotive network while PGB provides the prime land, planning and local execution.”
In essence, the PGB-GSP AutoPark in Taman Industri Perintis, Johor Bahru sits within a mature industrial corridor and a designated JS-SEZ flagship zone within Iskandar Puteri.
The site is surrounded by key infrastructure including Nusajaya Tech Park, Nusa Cemerlang Industrial Park and major data centres.
Its strategic connectivity to Gelang Patah, Skudai and the Malaysia-Singapore Second Link makes it a highly attractive hub for cross-border logistics.
More broadly, this development anchors PGB’s broader strategic shift away from traditional property development and towards building integrated industrial ecosystems.
The group is actively focused on attracting quality multi-national occupiers and creating industrial clusters that improve operational efficiency for manufacturers.
Moving forward, PGB will continue to focus on the timely construction of the PGB-GSP AutoPark while maintaining disciplined capital management and strategic planning across its remaining Johor.
At the close of today’s (June 11) market trading, PGB was up 1 sen or 1.19% to 85 sen with 171,700 shares traded, thus valuing the company at RM635 mil. – June 11, 2026
