PETALING JAYA: S P Setia Bhd, a property giant controlled by Permodalan Nasional Bhd, has some interesting plans in the pipeline that includes the development of a Johor-based industrial park with potential data centres and the setting up of a real estate investment trust (REIT) valued up to RM1.5bil.
In a note, UOB Kay Hian (UOBKH) Research said S P Setia Bhd’s 307-acre landbank in Tanjung Kupang, Johor, is likely to be developed into a managed industrial park that may potentially incorporate data centres.
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