Sime Darby Property to Build and Lease Out Data Centre in RM2 Bil Deal

Sime Darby Property Bhd (KL:SIMEPROP) said on Thursday it will build and lease out a hyperscale data centre at its Elmina Business Park in a deal worth RM2 billion, marking the group’s entry into the data centre segment.

The project is expected to begin in the second quarter of this year, and be completed in 2026, the developer said in a bourse filing. Once construction is completed, the group will sign a 20-year lease (initial term) with Pearl Computing Malaysia Sdn Bhd — a wholly-owned unit of Singapore-based Raiden APAC Pte Ltd — with options to renew for two additional five-year terms.

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