IJM Corporation Berhad has expanded its footprint in the United Kingdom’s construction sector through the acquisition of a 50% equity stake in JRL Group Holdings Limited for £50 million approximately RM283 million.
JRL is an integrated contractor with an order book valued at £1.45 billion (RM8.49 billion), covering residential, commercial, and institutional projects. The deal is expected to boost IJM’s core construction capabilities and complement its existing RM6.0 billion order book.
The two companies have a history of collaboration, with JRL previously appointed as the main contractor for IJM Land’s Royal Mint Gardens development in London, completed in 2020. JRL is now building the second phase of the project, comprising a 463-room hotel and 79 residential units.
IJM Group CEO and Managing Director, Dato’ Lee Chun Fai, said the acquisition aligns with the Group’s long-term strategy to expand internationally and generate recurring income from transit-oriented developments in the UK.
IJM also has a joint venture with Network Rail Property to develop railway-adjacent sites across four London boroughs, with a combined gross development value exceeding £3 billion (RM17 billion).
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
