SimeProp to develop additional data centres


Sime Darby Property group managing director Datuk Seri Azmir Merican

PETALING JAYA: Sime Darby Property Bhd (SimeProp) has signed its second build-and-lease agreement, worth up to RM5.6bil, with Pearl Computing Malaysia Sdn Bhd, a wholly owned subsidiary of a multinational technology company, to develop new data centre facilities at the group’s Elmina Business Park in Selangor.

This project builds on SimeProp’s initial entry into the data centre segment, announced in May 2024, when it partnered with Pearl Computing to develop its first hyperscale facility on a 49-acre site within Elmina Business Park, with a lease value of RM2bil.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit opens higher vs US$ amid geopolitical tensions
FBM KLCI lift slightly amid higher crude oil prices
Trading ideas: Nestle, MISC, IHH, Atlan, FBG, Bina Puri, Jentayu, Cape EMS
Hap Seng Plantations 4Q earnings likely to be strong
UK budget ‘headroom’ a harmful obsession
Bursa Malaysia extends gains to close higher
Inflation expected to remain manageable
Atlan subsidiary ceases duty-free business�in JB
Sarawak Plantation eyes steady recovery
Australia’s soaring fiscal spending ‘unsustainable’

Others Also Read