KUALA LUMPUR (Dec 2): Sime Darby Property Bhd (KL:SIMEPROP) mentioned it has signed an settlement for a 20-year lease of data-centre amenities to Pearl Computing Malaysia Sdn Bhd for as much as RM5.6 billion, starting as early as 2027.
The property group is at the moment creating the extra data-centre amenities at its 77-acre website at Elmina Enterprise Park — which it described as Klang Valley’s largest freehold industrial enterprise hub.
“These amenities might be situated in shut proximity to Pearl Computing’s first information centre, which is at the moment beneath development and focused for completion in early 2026,” it mentioned.
The build-and-lease settlement comes with choices to resume for 2 further five-year phrases, it mentioned.
“This settlement displays Sime Darby Property’s skill to ship, personal, and lease information centres that meet the calls for of the worldwide digital economic system, exemplifying the technical sophistication and operational reliability required for mission- crucial, complicated infrastructure belongings,” mentioned Sime Darby Property’s group managing director Datuk Seri Azmir Merican.
“The presence of those information centres in Elmina Enterprise Park enhances Selangor’s attractiveness as a key digital hub for Malaysia, buoyed by Selangor’s well-developed infrastructure, business-friendly insurance policies, and collaborative efforts of authorities,” Azmir added.
The deal can be according to Sime Darby Property’s technique to extend its recurring revenue, and develop its funding and asset administration (IAM) section’s belongings beneath administration, the group mentioned.
Sime Darby Property operates three principal segments, led by property growth, funding and asset administration (IAM), and leisure.
The IAM section contributed RM95.83 million or simply beneath 3% of its RM3.27 billion income within the 9 months ended Sept 30, 2024 (9MFY2024).
On the time of writing, Sime Darby Property shares final traded up 5 sen or 3.5% to RM1.48 throughout the morning buying and selling session on Monday, valuing the group at RM10.06 billion. The counter is up 136% this 12 months.
