Corporate Profile
IGB BERHAD
IGB Berhad (IGB) was incorporated in Malaysia as a private limited company under the name of Dimensi Subuh Sdn Bhd on 1 June 2000. On 23 November 2000, the Company was converted to a public limited company, renamed as Gold IS Berhad on 31 January 2001 and subsequently changed its name to Goldis Berhad on 8 July 2005.
On 8 May 2002, IGB assumed the listing status of Tan & Tan Developments Berhad (Tan & Tan) following the completion of the merger between Tan & Tan and IGB Corporation Berhad (IGB Corp). Post-merger, IGB Corp emerged as one of the largest property corporations in Malaysia.
In 2014, IGB made a voluntary general offer for the remaining shares in IGB Corp and became its parent company. In March 2018, IGB completed its effort to acquire IGB Corp’s remaining shares that it did not already own by way of a Scheme of Arrangement resulting in 100% ownership in IGB Corp.
IGB Berhad is primarily a property company engaged in all aspects of the property industry. Its core business is in retail, commercial, residential, construction and hospitality. The company also has investments in water treatment, education, convalescent care and co-living spaces.
IGB Berhad is one of the largest listed property companies in Malaysia with footprints across Asia, Australia, the United States of America and United Kingdom.
The chronological overview of the key projects by IGB
1979
Desa Kudalari is the first of its kind in the country. Launched in 1979, this high-end lifestyle condominium has a total of 187 residential units on a 7-acre freehold land. The project has two blocks with one having 19 storeys while another is only 3-storey high. Located within the KLCC area, this low-density residential development offers superb connectivity, convenience and amenities.
1984-1986
Restoration of Queen Victoria Building ("QVB"), Australia by Ipoh Ltd at a cost of $86 million, under the terms of a 99-year lease from the Sydney City Council. In November 1986, QVB reopens its doors to the public. It is a world-class retail and cultural environment offering a broad mix of upmarket boutiques and shops as well as cafes and restaurants. The QVB’s attraction, exhibits and unique heritage characteristics make the Centre a ‘must visit’ for tourists to Sydney.
1988
Micasa All Suites Hotel is reputed to be the only urban tropical resort with a saltwater pool in the city of Kuala Lumpur since its opening in 1988. This 242 all suite-hotel offers pure luxuriously fitted suites ranging from studio, one, two and three-bedroom suites complete with a fully functional kitchen featuring a microwave oven, induction cooker and refrigerator. The serviced suite provides a grocery list where guests would just need to select the items they wish to purchase and the rest will be taken care of by the hotel.
1993
Launched in 1993, Sierramas is the first gated community development in the country. It is nestled in a quiet suburbia of Sungai Buloh covering 255 acres of freehold land with about 500 units of homes. Well-planned with innovative building, connectivity and leisure features amidst lush greenery, the development is also designed for walking, jogging and cycling with unique road designs for enhanced safety. A host of social and recreational amenities are provided including a clubhouse, swimming pool, cafeterias etc. In 2002, it won the FIABCI Award of Distinction for Residential Development.
1996
Operating since 1996, Gleneagles Hospital was built with a vision to provide a comfortable and relaxing stay for patients, breaking away from the cold and sterile hospital stays are known for. Built with hotel-grade rooms, Gleneagles Hospital was one of the earliest and amongst the few leading private hospitals in Malaysia to receive the prestigious Joint Commission International (JCI) accreditation and certification in sustaining high standards in quality healthcare and patient safety.
1998
The Galeries Victoria, Sydney CBD’s major specialty retail centre, was acquired by Ipoh Ltd in May 1998. Construction of the centre was completed in July 2000. The Galeries Victoria is located opposite the QVB and is linked by underground retail arcade to the Town Hall Station. The Galeries Victoria is a 15,000 square metre shopping centre with lettable area over four levels including the restored Heritage School of Arts Building. The tenancy mix for Lower Ground Floor level comprises food and beverage, convenience and service retailing. The Ground Floor level is principally for leisure and lifestyle fashion and fashion accessories. Above the shopping centre is a 72,000 square metre office tower.
1999
The Strand in Sydney was purchased by Ipoh Ltd in May 1999 for approximately $70 million. The Strand is one of Sydney’s only surviving arcades built during the Victorian period and links the Pitt Street shopping mall to George Street. Today, The Strand Arcade remains a majestic beauty in the middle of the hustle and bustle of Sydney’s CBD. Many retailers including The Nut Shop, Elie’s leather Repair and Strand Hatters have traded for decades, becoming well known Sydney institutions. Today the centre is a unique mix of Australian designer fashion and specialty stores catering for a discerning, sophisticated clientele.
1999
The Old Bank Buildings, Wellington, New Zealand is a 4 level heritage shopping centre redevelopment. Restoration of the centre was completed in 1999. The centre is often described as a scaled down version of the QVB linking historical architecture and design with retail operations. The total redevelopment cost of the The Old Bank Buildings was approximately A$19.7 million.
1999
Mid Valley City, a city within a city was launched with the opening of Mid Valley Megamall in November 1999 as the first retail component of Phase 1 of the RM1.3 billion Mid Valley City development. Mid Valley Megamall with a net lettable area of 1.8 million square feet is one of the largest malls in Malaysia with 5 levels of shopping, dining and entertainment and consistently achieving full occupancy since its opening. Peer recognition has also won Mid Valley Megamall, international and local industry awards for its contribution to the retail industry in Malaysia.
2007
September 2007 saw the opening of The Gardens Mall, Mid Valley City’s luxury mall. Part of the RM1.5 billion The Gardens development in Mid Valley City, this project complements Mid Valley Megamall with its positioning; thus extending Mid Valley City’s shopping reach to a larger and more significant market. The Gardens Mall’s upscale retail offer, anchored by the Isetan and Robinsons departmental stores, is a curated mix of fashion, lifestyle and entertainment, accompanied by an array of dining experiences. Find out more from The Gardens Mall website.
2010
GTower is Malaysia’s first Green Certified Mix Development. Completed in 2010, GTower is a 30-storey smart and green building comprising offices, hotel, a club floor and other facilities. Built in accordance to Multimedia Super Corridor (MSC) specifications, GTower offers a number of intelligent features for connectivity, security, data centre and a 24/7 IT support concierge. This building was conceptualised from its corporate philosophy towards green and environmental-conscious initiatives. In the same year, it received the Green Mark Gold Rating by Singapore’s Building & Construction Authority (BCA) for being the first fully certified green building in Malaysia.
2014
Located in Sierramas, Sungai Buloh, IGB International School (IGBIS) received its first students in 2014. An International Baccalaureate (IB) World School, IGBIS is the first school in Malaysia authorised for the full continuum of IB programmes :- the Primary Years Programme (PYP), the Middle Years Programme (MYP), the Diploma Programme (DP), and the Career-related Programme (CP). IGBIS is a vibrant Early Years to Grade 12 international school that provides a dynamic, innovative and inclusive learning environment where students are challenged to excel in both their learning and personal growth.
2018
Menara Southpoint, a 55-storey mixed-use building is the final major component of Mid Valley City. Sitting on a 1.9-acre land, it is an office and residential development. The first 36 storeys of the building consisting of offices were opened to tenants and the public in July 2018, while the remaining 19 storeys of residential units are undergoing final stages of interior design and architectural works.
2018
Coliv @ Damai Residence was launched late 2018. It is a new concept of living for the younger generation or professionals on-the go. Offering 174 rooms with six different fully furnished types, it offers flexible rental contracts from 3 months to a year. Co-living creates a community that uses shared spaces and facilities to enable a more fulfilling lifestyle – to meet new people, learn, work and experience new things with social events and outings organised by the management committee.
2019
The Mall, Mid Valley Southkey opened its doors in April 2019 and it is the largest megamall in the southern region of Peninsula Malaysia. The mall is the first project in the 36 acre mix-development in Johor. With 1.5 million square feet of net lettable area over five levels of shopping, dining and entertainment, the mall is similar to its bigger sister malls ie. Mid Valley Megamall and The Gardens Mall, and its tenant mix are established brands and recognised local stores.