Malaysian conglomerate and property developer, IJM Corporation Berhad (IJM), has completed its acquisition of a 50 per cent stake in UK contractor, JRL Group, in the amount of £50 million.
IJM said JRL’s in-house divisions such as Midgard (main contracting), J Reddington (concrete), McMullen Facades, Ark M&E, and London Tower Crane Hire, will enhance its core capabilities and help it “scale up in the UK construction market”.
“This investment supports IJM’s broader strategy to diversify revenue streams and expand its international footprint,” an investor notice reads.
“The UK remains a key focus for the group, with active investments across property, construction and urban regeneration.”
IJM added JRL’s history of working on complex, inner-city and infrastructure-linked projects aligned with its focus on high-value, transit-oriented developments, supporting its plans with Network Rail.
The partnership also builds on the collaboration between the two companies on the Royal Mint Gardens project in central London, completed in 2020.
JRL previously said the investment will reinforce its own capital position, providing a strong financial foundation to support its £1.45 billion order book and strategic pipeline of high-value contracts in the coming years.
The Hertfordshire-headquartered company was founded in 1996 and today boasts 14 specialist divisions, providing end-to-end contracting, design, manufacturing and plant services.
Since 2021, JRL has also diversified into property development, which includes around 2,400 build-to-rent and co-living units across seven sites, with an estimated GDV of £780 million.
“Finalising this partnership marks a major milestone for JRL, built on mutual trust developed over years of collaboration,” said John Reddington, managing director of JRL Group.
“IJM’s global experience and strategic ambition align with our focus on complex, large-scale delivery.
“Together, we are well-positioned to unlock new opportunities and drive the next phase of growth in the UK.”
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