IJM completes £50 million acquisition of 50% stake in JRL Group

Malaysian conglomerate IJM Corporation has completed the acquisition of a 50% stake in UK-based construction firm JRL Group for £50 million, marking a strategic partnership aimed at expanding both companies' presence in the UK market. The deal provides IJM with access to JRL’s full self-delivery construction model and supports its broader strategy to diversify revenue streams and pursue high-value, rail-adjacent and transit-oriented developments, particularly through its Innova joint venture with Network Rail Property. JRL, which has faced recent financial challenges due to rising materials and labor costs, benefits from an enhanced capital base to support its £1.45 billion order book and a £780 million property pipeline. The partnership builds on existing collaborations, such as the Royal Mint Gardens project, and is expected to unlock further investment opportunities and strengthen both firms' capabilities in delivering complex urban regeneration schemes. Both firms highlight the move as a long-term platform for growth and innovation in the mature UK construction market. IJM’s leadership sees the acquisition as a significant advancement in its UK growth strategy, enabling more effective pursuit of large-scale infrastructure-led developments.