PNB Commercial Sdn. Berhad (PNB Commercial) focuses on management of commercial and industrial properties located all over Malaysia, with its vision to become a reputable asset management company focusing on asset enhancement initiative (AEI), strong growth, attractive yields, quality portfolios of assets, tenants and customer-focused work culture.
PNB Commercial is wholly-owned by Permodalan Nasional Berhad (PNB), one of Malaysia’s leading asset managers.
In August 2008, it was known as PNB Property Holdings Sdn. Berhad and subsequently in June 2009, it became PNB Commercial Sdn. Berhad following the corporate exercise by PNB, incorporating companies namely Petaling Garden Berhad, Island & Peninsular Berhad and Pelangi Berhad.
In 2019, pursuant to the harmonization exercise of PNB’s property development companies, MIDF Property Berhad (MPB) became a wholly-owned subsidiary of PNB Commercial. MPB was previously known Malaysian Industrial Estates Berhad and was incorporated in September 1964 under the auspices of the Ministry of Trade and Industry (MITI) and was then the industrial property development arm of Malaysian Industrial Development Finance Berhad (MIDF). MPB still has a portfolio of industrial properties for sale and rent at various locations in Malaysia.
PNB Commercial to be recognized by the target market and investing public for its ability to turn around the assets into a quality performing assets.
To create desirable economic value from the assets managed through excellence in assets management skills to enable the shareholders to realize superior returns on their investments.