Johor Corporation (JCorp), via its property arm JLand Group Sdn Bhd (JLG), has announced in a press release on Tuesday (Jan 17), JLand’s core businesses encompassing four strategic business pillars, namely real estate development, asset lifecycle management, real estate investment, and infrastructure and utilities.
The announcement follows JCorp’s transformation strategy to streamline business activities and service offerings of its subsidiaries, wherein JLG emerges as the investment holding company to capitalise on the growing demand for strategic and sustainable real estate ventures in the region.
JCorp president and chief executive and JLG chairman Datuk Syed Mohamed Syed Ibrahim said in the statement: “As part of our sustainable growth strategy, we recognise the opportune timing to tap into new growth areas in real estate and infrastructure, by leveraging on our strengths and addressing evolving market needs in these sectors.
“For JCorp, the future of real estate is to build a leading entity focused on technology-enabled real estate and infrastructure in the new economy. JLG is our platform to galvanise greater innovation and capital efficiency, therein futureproofing our value chain competencies for a sustainable business ecosystem.”
He added: “Guided by our ethos of ‘Build. Create. Thrive’, our mission at JLG is to be the one-stop real estate solutions provider, driving competitive edge for businesses, as we cater to the rapidly evolving needs, aspirations and life cycles of businesses, industries and future generations. By creating an integrated solutions ecosystem across our core business pillars, JLG is well-positioned to capture real estate market opportunities, not just in Malaysia but also the larger Asia Pacific region.”
According to the statement, JLG will leverage the collective strengths of group’s established subsidiaries, resources, infrastructure and strong sectoral links to own, build, operate and monetise across the real estate and infrastructure value chain. JCorp, through JLG’s strategic collaborations spanning across high growth potential sectors of logistics, data centres and renewable energy, has garnered RM45.6 billion in investments in 2022 to date.
It said that JLG aims to expand its portfolio with industrial and township developments, to tap into local and regional markets. “On top of developing and managing its high-quality property portfolio, JLG will work closely with industry players through synergistic partnerships to identify, pilot, and adopt new technologies and solutions across the real estate and infrastructure sector.”
The statement said that JLG also intends to expand its real estate investment wing to encompass full-fledged services, including real estate investment trust (REIT), as well as asset and fund under management, whereby JLG will specialise in structuring and executing value-add impact investments.
Also via its infrastructure and utilities arm, JLG will be focusing on technology-driven infrastructure and clean utilities ventures, which include but are not limited to the areas of renewable energy, digital and mobility infrastructure, as well as high-tech industrial developments, it added.
Syed said: “As we continuously build upon decades of proven expertise and track record in selective key industries, strengthening our venture in real estate and infrastructure will improve JCorp’s overall growth trajectory and unlock new forms of value for our stakeholders.”
