I-Bhd builds up momentum to surge ahead with tech city

I-BHD remains confident of the prospects of its i-City Golden Triangle which is touted as an integrated lifestyle ultrapolis with the infusion of cutting-edge technologies.

Remaining the key focus of I-Bhd, the i-City Golden Triangle is empowered by the 400G ‘mother of internet’ infrastructure that is able to facilitate the development of the finance and information technology in the services industry.

“With the adoption of advanced technologies, our technology city holds a competitive edge over other industry players, thus allowing us to attract established companies to re-locate to i-City Golden Triangle,” commented group chairman Tan Sri Lim Kim Hong.

Tan Sri Lim Kim Hong

“With the impending re-location of regional financial institutions to i-City’s first Grade A and GBI-rated corporate tower, we are expecting to achieve a 80% take-up rate for the recently completed tower.”

Among others, the MSC-status corporate tower will also house multinational corporations and international logistic players, according to Lim.

In addition to its first tier-three data centre operating since 2008 that is currently fully tenanted, I-Bhd also plans to add two more data centres of 100,000 sq ft each to meet the surging needs of cloud computing facilities.

Underpinned by the Government’s Digital Economy Blueprint, I-Bhd is further solidifying its transformation into a global centre of technological innovation as well as financial hub.

At the current juncture, the i-City Golden Triangle is being developed as a high-rise integrated urban city within Shah Alam by adopting cutting-edge technologies.

The technology city is a ready-made destination of choice for global technology companies looking to re-locate to Malaysia for its first-class infrastructure and readily available pool of knowledge workers.

Upon completion, the i-City Golden Triangle will transform the skyline of Shah Alam into a home to 25,000 residents and 30,000 knowledge workers who pursue their career, retails and leisure without having to leave the technology city.

In 2H 2021, the I-Bhd group will see the completion of DoubleTree by Hilton and the Hill10 development, whereby DoubleTree by Hilton is slated to welcome its guests in 2022.

Moving forward, I-Bhd expects the vaccination programme to be a game changer for economic growth and recovery in 2021 and 2022 to regain the normal or pre-COVID momentum.

The pent-up demand to visit theme parks and shopping malls will lead to a strong rebound from pandemic lows and is expected to have a positive impact on the group’s earnings once border restrictions are lifted.

For the record, I-Bhd has recently entered into a strategic partnership with Maybank Islamic to offer HouzKEY programme for its latest luxury residential project, BeCentral.

The project has garnered positive interest with 100-unit bookings since its roll-out this month (June 2021).

At 3.56pm, I-Bhd was down 0.5 sen or 1.67% to 29.5 sen with 1.23 million shares traded, thus valuing the company at RM335 mil. – June 29, 2021

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