Aerial view of Sunway City Iskandar Puteri overlooking the Malaysia–Singapore Second Link
KUALA LUMPUR: Sunway Group has sealed a deal worth more than RM380mil, with Equalbase Pte Ltd acquiring two parcels of land spanning 64 acres in Sunway City Iskandar Puteri (SCIP), Johor, for the development of data centres.
In a statement, Sunway said the latest investment by Equalbase builds upon Equalbase Sunway 103°, a Sunway and Equalbase Group joint venture sitting on a Free Commercial Zone with a gross development value (GDV) of RM8bil for the carbon-neutral logistics hub in SCIP, Johor.
“This disposal reaffirms Sunway's strategic vision to create value and maximise the growth potential of SCIP in Iskandar Malaysia, Johor. SCIP is strategically located just five kilometres from the Second Link, allowing it to leverage its close proximity to Singapore,” SCIP chief executive officer Gerard Soosay said.
Equalbase executive chairman Christian Bischoff said: “We’ve been through extensive preparation for this major milestone for our group and our partners to aggregate and secure all required components to make this project a thorough success.
“I am confident that we are building one of the most sustainable data centres today. We will integrate all critical elements within our group.”
With an estimated GDV of RM30bil and a 250,000-strong community when fully developed, the 2,000-acre township is a sustainable and integrated city encompassing retail malls, leisure, hospitality, theme parks, hotels, commercial offices, integrated healthcare facilities and educational institutions, among others.
