KUALA LUMPUR: TH Properties Sdn Bhd (THP), a wholly-owned subsidiary of Pilgrims Fund Board, signed a sale and purchase agreement (SPA) with four companies that are investing in Bandar Enstek, Negeri Sembilan, kick-starting the first quarter land sale of the township into high gear.
The four companies, namely GoBuilders Netsoft Sdn Bhd, Educ8 Group Sdn Bhd, Malindo Airways Sdn Bhd and Meta Legends Sdn Bhd, purchased plots of industrial and agriculture land in Bandar Enstek totalling RM70.25 million.
Epsom College in Malaysia, via Educ8 Group, acquired 30 acres of land, besides its existing 50 acres, for the campus’ future expansion plan. At the same time, Meta Legends, a commercial developer, purchased 2.25 acres of agricultural land for future commercial development.
Malindo Airways purchased 4.134 acres of land in phase 1 of techpark@enstek for its proposed training and in-flight catering complex within the township’s industrial park, while GoBuilders Netsoft, a cold chain logistics technology company, purchased 13.43 acres of land in phase 2 of techpark@enstek.
Kartini said the land deals are a significant achievement for Bandar Enstek after the company successfully launched phase 3 of techpark@enstek in November last year.
“To date, techpark@enstek phase 1 has been fully sold, and phase 2 is 91.5 per cent taken up.
“Bandar Enstek is fast becoming the choice location for big names such as Epsom College, Coca-Cola, Mahsuri Foods, Purecircle Sdn Bhd, Farm Fresh Bhd, Kellogg’s Malaysia, Ajinomoto Malaysia, Dutch Lady Milk Industries Sdn Bhd, Mac Food Services and many more due to its strategic location.
“The addition of these three new investors will be a boon to the economic development of the area specifically and Negeri Sembilan state as a whole,” she said after the signing ceremony.
The companies are expected to bring in more than RM420 million of future investment and create more than 2,000 jobs in Bandar Enstek.
Aminuddin said the involvement of TH Properties in bringing in investment through Bandar Enstek and techpark@enstek is a significant contributor to the economic development of Negeri Sembilan.
He noted that the entry of investors into Bandar Enstek will increase the state’s income and enhance the area’s educational and socioeconomic conditions.
The SPA signing ceremony today underscores a collective commitment of TH Properties to the development of the township and its synergistic effort to create a robust ecosystem that is conducive to fostering sustainable growth.
