IGB Berhad

What IGB Berhad does

IGB Berhad is a publicly listed Malaysian diversified real estate investment, development, and management company headquartered in Kuala Lumpur. The group operates across seven business segments — Retail, Commercial, Hospitality, Property Development, Education, Assisted Living, and Co-living — and is best known for its flagship retail destinations Mid Valley Megamall and The Gardens Mall in the Klang Valley, plus The Mall Mid Valley Southkey in Johor Bahru. Residential developments include Sierramas and Southpoint Residences, while newer lifestyle and care verticals are delivered through REU Living (assisted living) and Coliv (co-living).

The company's core "products" are physical property assets and the operating platforms attached to them: income-producing retail and commercial property held within IGB REIT and IGB Commercial REIT (two wholly-owned REIT vehicles), hospitality assets, residential for-sale inventory, and integrated mixed-use developments. There is no disclosed proprietary software, AI, or digital platform layer in the input data; technology intensity is low and the business is fundamentally an asset-heavy real estate operator and developer.

Revenue is generated through a mix of recurring rental income from retail malls and commercial offices, hospitality revenue, and lumpy residential development sales, serving multiple customer segments: retail consumers, commercial tenants, hospitality guests, residential property buyers, students, seniors, and co-living tenants. The REIT subsidiaries provide a separate capital markets channel for investors seeking exposure to IGB's income-producing property portfolio.

Name

IGB Berhad

Legal name

IGB Berhad

Website

https://igbbhd.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

IGB Berhad is a Malaysian diversified property company operating retail malls (Mid Valley Megamall, The Gardens Mall), commercial offices, hotels, residential developments, education, assisted living, and co-living, serving consumers, tenants, and investors through two REIT subsidiaries.

Ownership category

akta.pro rank

Product category

Diversified Real Estate

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

Keywords

• Real estate investment
• Property development
• Commercial REIT management
• Retail mall operations
• Mixed-use developments

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales

Distribution channels3 records

Marketing channels1 record

Core offering

IGB Berhad operates, invests in, and develops a diversified portfolio of Malaysian real estate assets spanning retail shopping malls, commercial office properties, hospitality venues, residential developments, education, assisted living, and co-living. Income-producing property assets are held through two listed REITs—IGB REIT (retail-focused) and IGB Commercial REIT—while the parent undertakes property development, hospitality operations, education services, and senior/co-living branded offerings.

Product overview

IGB Berhad is a Malaysian diversified real estate company operating a platform-plus-segments architecture. The company manages multiple business segments including Retail (shopping malls such as Mid Valley Megamall, The Mall Mid Valley Southkey, and The Gardens Mall), Commercial (office and commercial properties), Hospitality (hotels), Property Development (residential), Education, Assisted Living (via REU Living), and Co-living (via Coliv). The company also operates two REITs: IGB REIT (focused on retail and commercial income properties) and IGB Commercial REIT. The portfolio is anchored by flagship properties in the Klang Valley and Johor regions, with IGB REIT and IGB Commercial REIT providing investors exposure to the company's income-generating property assets.

Differentiator

Problem solved

Functional benefit

Brands

• IGB REIT: Real Estate Investment Trust managed by IGB Berhad, focused on retail and commercial properties.
• IGB Commercial REIT

Products and services

• IGB REIT Listed Malaysian real estate investment trust holding the group's retail mall assets (including Mid Valley Megamall and The Gardens Mall), offering investors exposure to recurring rental income from prime Malaysian retail real estate.
• IGB Commercial REIT Listed Malaysian real estate investment trust holding the group's commercial and office assets, providing investors with income exposure to IGB's commercial property portfolio.
• Mid Valley Megamall Flagship retail shopping mall owned within the IGB group, offering retail tenants a high-footfall consumer destination and shoppers a major Malaysian shopping and lifestyle experience.
• The Gardens Mall Premium retail shopping mall within the Mid Valley City integrated development, providing retail tenants and shoppers an upscale shopping environment alongside the group's other flagship mall.
• Mid Valley Southkey (including The Mall, Mid Valley Southkey) Integrated mixed-use development combining retail (The Mall, Mid Valley Southkey), commercial, and residential components in Johor Bahru, extending the IGB integrated-development model beyond the Klang Valley.
• Sierramas Residential housing development by IGB offering individual units for sale to homebuyers, located within or adjacent to the group's established mixed-use precincts.
• Southpoint Residences Residential development of IGB offering condominium units for sale to homebuyers within its Malaysian integrated developments.
• REU Living (assisted living) IGB's branded assisted living offering providing residential and care services for seniors, leveraging the group's real-estate operating platform.
• Coliv (co-living) IGB's branded co-living accommodation service targeting young professionals and shared-living tenants, operated as part of the group's lifestyle accommodation portfolio.
• IGB hospitality operations Hospitality operations of IGB providing hotel accommodation services to guests within the group's Malaysian real-estate portfolio.
• IGB education operations Education operations under the IGB group delivering learning services to students, operating as part of its diversified real estate and lifestyle business.

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• TantanminorGTM or Marketing Partner

Recent moves5 records

Expansion highlights4 records

Direct peers

• Mah Sing Group: Malaysian property developer with residential and commercial projects across Klang Valley and other key states. Comparable mid-to-large Malaysian property developer with similar target market segments.
• SP Setia Berhad: Malaysia's largest property developer by landbank with integrated township developments. Comparable Malaysian residential and mixed-use property developer serving similar end-buyers.
• CapitaLand Malaysia Trust: Malaysian REIT managed by CapitaLand owning Gurney Plaza and other retail assets. Comparable Malaysian retail REIT structure with overlapping tenant base in regional shopping malls.
• Pavilion REIT: KL-focused retail REIT anchored by Pavilion Bukit Bintang, Malaysia's premier luxury mall. Highly comparable income-producing retail REIT serving similar upscale Klang Valley shoppers.
• Sime Darby Property: Large Malaysian township developer with diversified residential and commercial assets. Comparable Malaysian listed property platform with integrated development pipeline.
• UEM Sunrise: Malaysian property developer focused on Iskandar Malaysia (Johor) and Klang Valley. Comparable Klang Valley and Johor development exposure, overlapping IGB's geographic footprint.
• Sunway REIT: Malaysian retail and hospitality REIT anchored by Sunway Pyramid and integrated township assets. Directly comparable mall-portfolio REIT structure and Malaysian operating geography.
• IOI Properties Group: Diversified Malaysian property developer with integrated townships and retail components. Comparable vertically integrated property platform with both development and recurring income exposure.

Regional players

• UOA Development: Malaysian property developer focused on Klang Valley commercial and integrated developments. Comparable commercial and mixed-use Malaysian developer serving overlapping Klang Valley corporate tenants.
• YTL Hospitality REIT: Malaysian REIT focused on hospitality and retail assets under the YTL group. Comparable REIT vehicle with hospitality exposure though under different sponsorship structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/igbbhd

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IGB Berhad