KUALA LUMPUR: Eco World Development Group Bhd’s largest green business park, Eco Business Park V (EBP V) has signed agreements with 11 new companies for the purchase of land and factory lots.

A memorandum of understanding (MoU) was also signed between EcoWorld and GoldenHome Living Co Ltd. to establish a strategic partnership in providing housing furniture such as kitchen cabinets, wardrobes and innovative product packages for EcoWorld’s residential, commercial and industrial developments.

“We extend our warmest welcome to our new business partners joining EBP V. Thank you for choosing EBP V as your new business address and embarking on this journey with us. With these new partnerships, we are poised to strengthen EBP V’s position as a pivotal industrial hub across various sectors and industries,” president and CEO Datuk Chang Khim Wah said in a statement.

He added that EcoWorld believes strongly in forging strategic business partnerships to accelerate growth and value creation for its customers, communities and shareholders.

EBP V and complementary Eco Grandeur township are developed through a joint-venture between EcoWorld and the Employees Provident Fund Board (EPF).

With a total gross development value (GDV) of RM3.5bil, the green industrial park spans 769 acres across five meticulously planned phases: East Gate, West Gate, North Gate, Central Gate and South Gate.

Since its launch in 2017, EBP V has attracted over 400 diverse enterprises from various industries and its West, North and Central Gates are fully sold out. Meanwhile, East Gate has been fully completed with an occupancy rate of over 90%.

“As one of our four revenue pillars, Eco Business Parks contributed a record-breaking RM1.04bil to the group’s total RM3.6bil sales in FY23. This pillar has seen exponential growth in recent years recording an overwhelming increase in sales of 374% from FY2020,” Chang said.

Meanwhile, EBP V will be introducing The Rubix Space in West Gate by mid-2024 and South Gate in the third quarter of 2024.