Client story

Technology Park Malaysia Corporation Sdn Bhd

Technology Park Malaysia Corporation Sdn Bhd (TPM) is the innovation facilitator and technology enabler of Malaysia. It was established by the Ministry of Finance, Malaysia in 1996 and operates under the auspices of the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC).

July 15, 2019

TPM acts as an incubation centre by providing facilities such as office space, training facilities and meeting rooms, especially to technology start-ups. As of today, TPM has helped more than 3,000 technology driven companies – both local and multinational – to grow within Malaysia.

To further improve the working environment of the overall park, TPM plans to incorporate live-work-play-learn elements into the park. This will be done via launching their last phase, 315 acres of land, to technology park developers. In order to fully unleash the potential value of the last phase of TPM, JLL Malaysia’s Research and Consultancy (R&C) team, and Capital Markets (CM) team were appointed by TPM to facilitate TPM to source the most suitable partner for the development.

We then took the charge in seeking out a potential partner via a Request for Proposal (RFP) exercise. Throughout the nine-months exercise, we worked together with TPM’s appointed lawyer to draft an RFP package that fully protects TPM’s interest. Concurrently, the CM team reached out to local and International technology park developers as part of our property marketing exercise. Once the RFP submission has completed, we will then further collate and analyse the submitted proposals. Eventually, we will recommend the most suited development partner, in line with TPM’s vision and objectives, based on the developer’s background, overall design and overall benefits to TPM and the country.

With the combined expertise from both our R&C and CM team, we look forward to supporting our Client to conclude the best development partner possible for the last phase of TPM. We are confident that the appointed technology park developer, will be able to provide an infrastructure and environment which supports the development of science and state-of-the-art technological innovations to push the nation’s knowledge-based economy.