JRL Group has confirmed Malaysian conglomerate and property developer, IJM Corporation Berhad (IJM), has agreed to acquire a 50 per cent strategic equity stake in the business.
JRL said the investment will reinforce its capital position, providing a strong financial foundation to support its £1.7 billion order book and strategic pipeline of high-value contracts in the coming years.
The partnership also builds on the successful collaboration between the two companies on the Royal Mint Gardens project in Central London, completed in 2020.
Phase Two of the central London development recently commenced on site with JRL leading construction. The project is targeted for completion in early 2028.
JRL said the investment signifies a strong alignment and strategic fit between JRL and IJM, enabling both companies to expand their footprint in the UK market and leverage their shared expertise to capture “significant growth opportunities”.
It added the partnership is further strengthened by IJM’s recent success in securing eight strategic Network Rail sites across London, collectively offering a development potential of up to 3.55 million sq. ft with an estimated gross development value (GDV) exceeding £3 billion.
Given its extensive expertise in delivering complex projects, JRL said it is well-positioned to support in the delivery of these high-value developments.
“We are very pleased that IJM Corporation, our trusted long-term partner, will be joining JRL Group,” said JRL.
“IJM’s investment brings a wealth of experience and capability to the business.
“Together, we are well-positioned to drive sustained growth, pursue new opportunities, and enhance our presence in the market.
“IJM’s international development expertise, together with JRL’s established UK market presence, will position both companies to drive transformative projects and expand their reach in the UK.”
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