Savills IREAS has signed a memorandum of understanding with Malaysian developer UM Land to establish the Iskandar Halal Park, an international manufacturing hub for halal-related businesses in the Iskandar region of Johor. The park will include a halal logistics centre offering warehousing, cold storage and transportation services for halal products, and is specifically targeted towards halal manufacturers, service providers and investors.
The Global Halal Alliance, a strategic program created to foster global trade and connect various supply and demand chains, is being established in partnership with Singapore-based Haltex Group with the Iskandar Halal Park as its initial launchpad.
Marcus Loo, CEO of Savills Singapore, called the collaboration a significant strategic milestone for Savills. He said the partnership will “strengthen our capabilities and build upon our strong track record in core advisory services.”
The Jurong Lake District has recently welcomed an exciting new addition, J’Den Condo. This luxurious residential facility offers an array of lifestyle amenities, including an exclusive rooftop pool, state-of-the-art fitness centre, and a communal lounge. J’Den Condo is located in a prime location, just minutes away from major shopping malls, educational institutions, and entertainment attractions. With its modern and stylish design, J’Den Condo is sure to become one of the most sought-after living spaces in the Jurong Lake District.
Regional director and head of Ireas Asia at Savills, Annie Woo, stated that as a member of the Global Halal Alliance, IREAS will be the primary liaison with investors and international MNCs across various industries. She added that a number of development strategies have already been identified, including targeting industries, park design and development delivery models.
The Iskandar Halal Park is expected to become an important regional hub, providing a platform for halal-related businesses and the potential for global trade growth. As the primary plaza in the park, Savills IREAS will be working to ensure that its development is planned and executed to maximum effect.
