Elmina Business Park with its robust infrastructures will be the site of SDP’s maiden data centre development.

PETALING JAYA: Property developer Sime Darby Property (SDP) will be developing a hyperscale data centre at the Elmina Business Park in partnership with Pearl Computing Malaysia Sdn Bhd, a wholly-owned subsidiary of a multinational technology company. 

“We are excited to embark on our maiden entry into the data centre segment, which is rapidly emerging as an important asset class within real estate for which we are well-positioned to expand into. This project allows us to broaden our investment and asset management portfolio, aligning with our strategy to grow recurring income,” said group managing director Datuk Azmir Merican.

Elmina Business Park was selected based on the park’s robust infrastructure and prime location. SDP will manage the design and development, infrastructure planning, and construction management, ensuring successful delivery of the facility customised to the multinational technology company’s specifications.

The project is set to break ground in the second quarter of 2024, with construction completion targeted for 2026. Following completion of construction, the parties will enter into a 20-year lease valued at up to RM2bil, with options to renew for two additional five-year terms.

“This facility will elevate Elmina Business Park’s status as a premier industrial location for technology corporations, both local and international. We would also like to acknowledge local municipal authorities, Government agencies, and utility providers who have supported us, as their contributions have been instrumental in advancing this project, which is of national significance,” Azmir added. 

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