IGB is one of Malaysia’s leading property development group and is listed on the main board of Bursa Malaysia. Its business activities encompass construction, property development, retail development and hospitality.

Today IGB is a diversified business conglomerate and a major player in the property industry in Malaysia and abroad.

 
 

History

1984-1986

Restoration of Queen Victoria Building (“QVB”), Australia by Ipoh Ltd at a cost of $86 million, under the terms of a 99-year lease from the Sydney City Council. In November 1986, QVB reopens its doors to the public. It is a world-class retail and cultural environment offering a broad mix of upmarket boutiques and shops as well as cafes and restaurants. The QVB’s attraction, exhibits and unique heritage characteristics make the Centre a ‘must visit’ for tourists to Sydney.

 

1988

The Galeries Victoria, Sydney CBD’s major specialty retail centre, was acquired by Ipoh Ltd in May 1998. Construction of the centre was completed in July 2000. The Galeries Victoria is located opposite the QVB and is linked by underground retail arcade to the Town Hall Station. The Galeries Victoria is a 15,000 square metre shopping centre with lettable area over four levels including the restored Heritage School of Arts Building. The tenancy mix for Lower Ground Floor level comprises food and beverage, convenience and service retailing. The Ground Floor level is principally for leisure and lifestyle fashion and fashion accessories. Above the shopping centre is a 72,000 square metre office tower.

1999

The Strand in Sydney was purchased by Ipoh Ltd in May 1999 for approximately $70 million. The Strand is one of Sydney’s only surviving arcades built during the Victorian period and links the Pitt Street shopping mall to George Street. Today, The Strand Arcade remains a majestic beauty in the middle of the hustle and bustle of Sydney’s CBD. Many retailers including The Nut Shop, Elie’s leather Repair and Strand Hatters have traded for decades, becoming well known Sydney institutions. Today the centre is a unique mix of Australian designer fashion and specialty stores catering for a discerning, sophisticated clientele.

The Old Bank Buildings, Wellington, New Zealand is a 4 level heritage shopping centre redevelopment. Restoration of the centre was completed in 1999. The centre is often described as a scaled down version of the QVB linking historical architecture and design with retail operations. The total redevelopment cost of the The Old Bank Buildings was approximately A$19.7 million.

The Mid Valley Megamall, part of the Phase 1 of the RM1.3 billion Mid Valley City development project. The Mid Valley Megamall which has approximately 1.7 million sq ft of lettable space over 5 levels, with three major anchors, Carrefour, Jusco and Metrojaya. Since its opening in November 1999, patronage to the Megamall has steadily increased. Tenants in the Megamall continue to trade well and enjoy good sales given the high traffic volume and increased spending power of the customers. Peer recognition has also won the Megamall the international and local industry awards for its contribution to the retail industry in Malaysia. The Megamall was accorded the FIABCI Award of Distinction in 2001 for Best Retail Development; Kuala Lumpur City Hall’s Best and Cleanest Shopping Centre 2001; Malaysia Tourism Awards 2000 for the Best Shopping Centre category; MAXI Merit Award in 2005; and Gold Award for the Retail World Excellence Award 2006/2007.

2007

September 2007 saw the opening of The Gardens Mall, Mid Valley City’s higher mid-market lifestyle shopping destination. Part of the RM1.5 billion The Gardens development in Mid Valley City, this high-end project aptly complements the on going success of The Megamall but taps into different market segments; thus extending Mid Valley City’s shopping reach to a larger and more significant market. The Gardens Mall’s upscale retail offer, anchored by the Isetan and Robinsons departmental stores, is primarily ‘fashion focused’, complemented by exclusive lifestyle shopping precincts and of the city’s finest dining offerings. Find out more from the The Gardens Mall website