Setia Awan launches RM1.4bil Tanjung Malim industrial park
Setia Awan Land Sdn Bhd has launched the 447-acre Tanjung Malim Hi-Tech Park, its first industrial development, with an estimated gross development value (GDV) of RM1.4 billion. Located near Proton City and within the Automotive High-Tech Valley (AHTV) growth corridor, the development comprises industrial land, commercial space, and supporting facilities.
Setia Awan director Datuk Marcus Doh emphasized the vision to build an industrial ecosystem that supports businesses over the long term, with infrastructure, commercial amenities, and supporting services. Phase 1 covers 42.1 hectares and offers infrastructure-ready industrial plots from five acres, with sale and lease options, having recorded a 50% take-up rate.
The launch also introduced Ionera, a 10.9-hectare commercial component comprising 168 units for food and beverage, retail, and other services, with over 100 registrations and bookings since registration opened. Setia Awan has formalized memoranda of understanding with several prospective Ionera tenants across services, food and beverage, and healthcare, following an MoU signed with Billion Group, the development's anchor tenant.
The Tanjung Malim area is experiencing increased automotive and manufacturing activity, supported by Proton, its partnership with Geely, and the broader AHTV development.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
