KUALA LUMPUR: Property developer I-Bhd is confident of its prospects on the back of a strong balance sheet and continued business partnerships that will give the group financial flexibility to capitalise on growth opportunities.

       In a statement, the developer said its consolidation strategies would prepare the group to forge forward when the economy recovers.

       Group chairman Tan Sri Lim Kim Hong said its development – i-City Golden Triangle, dubbed as Malaysia’s No.1 technology city – is I-Bhd’s main focus as it would strengthen the group’s position by increasing value and opportunities.

       “Our technology city, with the adoption of advanced technologies, provides I-Bhd with a competitive edge over other industry players, which will allow us to attract established companies to relocate to i-City Golden Triangle, ” he added.

       The re-location of regional financial institutions to i-City’s first grade A, green building index-rated corporate tower could see it achieving 80% take-up rate for the recently-completed tower.

       “The Multimedia Super Corridor-status corporate tower will also house multinational corporations and international logistic players.

       “The technology city is a ready-made destination of choice for global technology companies looking to relocate to Malaysia for its first-class infrastructure and readily-available pool of knowledge workers, ” said Lim.

       “The technology city is a ready-made destination of choice for global technology companies looking to relocate to Malaysia for its first-class infrastructure and readily-available pool of knowledge workers, ” said Lim.

       I-Bhd is transforming the development into a global centre of technological innovation and a financial hub supported by the government’s digital economy blueprint.

       Besides that, Lim said the group also plans to add two more data centres measuring 100, 000 sq ft each to meet the needs of cloud computing facilities.

       The group’s first tier-three data centre, which has been operating since 2008, is currently fully-tenanted.

       In the second half of this year, the DoubleTree by Hilton and Hill10 developments are expected to be completed, with the former to welcome guests next year.

       Moving forward, the group said the vaccination programme is a game changer for economic growth and recovery for 2021 and 2022.

       “The pent-up demand to visit theme parks and shopping malls will lead to a strong rebound from pandemic lows and is expected to have a positive impact on the group’s earnings once border restrictions are lifted, ” the group said.