Eco World Development Group Berhad (EcoWorld Malaysia) unveiled QUANTUM today at ZEPP Kuala Lumpur, Bukit Bintang City Centre.
The launch event for the Group’s new industrial revenue pillar was officiated by Yang Berhormat Tuan Liew Chin Tong, Deputy Minister of International Trade & Industry.
Speaking at the event, Eco World Malaysia’s President and CEO, Dato Chang Khim Wah said: “We are tremendously excited to be introducing QUANTUM, the Group’s 5th revenue pillar, to the market.
“As a property developer, our goal has always been to deliver projects and products that are well-conceptualised, innovatively designed and meticulously crafted to meet the specific needs and aspirations of the market segment we are catering to.
“Our measured and methodical approach towards brand building served us well in growing our Eco Business Parks industrial pillar which achieved an exponential 68% 4-year compounded annual growth rate in sales from 2020-2023.
Beginning with off-plan sales of detached, semi-detached and cluster factories, offering 4-in-1 flexible designs that could be used as showrooms, offices, warehousing and production facilities, we were able to meet the needs of more than 1,400 industrialists operating in the SME space.
From there, we expanded to the sale of industrial lands and built-to-suit facilities to serve larger local as well as international clientele.
“The strong governmental and business networks we successfully built over the years, combined with our execution capabilities in delivering modern industrial facilities within a well-secured, clean and green environment with excellent infrastructure and amenities, brought our Eco Business Parks to the attention of global market leaders operating in the high-tech and digital arena.
“Our recent customers include the renowned Haitian Group from China and global tech giant Microsoft. who chose EcoWorld Malaysia when they were looking to expand their operations into Malaysia.
“Such sustained demand from an increasingly large pool of high-tech and digital clients inspired us to conceptualise QUANTUM to further broaden and deepen our share of the industrial market targeting these digital and high-tech players, which we are unveiling today,’ Chang added.
“Quantum represents the smallest discrete unit of any physical property, such as energy or matter. It signifies precision, fundamental building blocks, and transformative leaps in understanding and technology.
“This is how we envision our new QUANTUM revenue pillar, which is designed for market leaders to accelerate the growth of a digital and high-tech ecosystem that will propel Eco World Malaysia forward to stay competitive amidst the rapid technological changes we are seeing in the world today,” said Liew Tian Xiong, Deputy CEO of Eco World Malaysia.
“To signify our commitment to grow this pillar, Eco Business Park VT at Kulai, Iskandar Malaysia, will be renamed QUANTUM, representing our 1st business park under this new pillar.
“Measuring 403.78 acres in total, it will be one of the largest digital and high-tech hubs by a private developer in Malaysia. QUANTUM is off to a great start, with Microsoft as our first anchor customer,’ Liew continued.
This is pursuant to the agreement entered into on 7 June 2024 between Eco World Malaysia and Microsoft Payments (Malaysia) Sdn Bhd for the sale of 123.14 acres of land located within the QUANTUM business park for RM402.3 million, as earlier announced.
“‘Given the nature of its clientele, our QUANTUM business parks will offer a highly conducive clean and green environment, with robust infrastructure and connectivity to support the needs of the digital and other high-tech players.
“All these refinements to our well-established industrial park portfolio and concepts will enable us to attract not just data centres but other operators in the upstream and downstream data centre, digital and high-tech manufacturing value chains.
“This group of industrialists and service providers will be the key target customers for our first QUANTUM business park at Kulai, Iskandar Malaysia as well as new QUANTUM projects that EcoWorld Malaysia aims to launch in the future.
“Accordingly, our land banking efforts will also focus on the acquisition of suitable new sites for QUANTUM developments. This will be in addition to our plans to expand our existing revenue pillars Eco Townships, Eco Rise, Eco Hubs and Eco Business Parks.
“With a low net gearing of only 0.24 times as of 30 April 2024 and substantial cash coming in from the recent industrial land sale to Microsoft and other upcoming sales in the pipeline, the Group is very well positioned to take advantage of any suitable opportunity that may arise to grow our business strongly going forward,” said Liew.
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