Maxland unit inks 60-year lease for data centre project in Kulim Hi-Tech Park


KUALA LUMPUR: Maxland Bhd's wholly-owned subsidiary Maxland Data Sdn Bhd has entered into a 60-year lease agreement with Kulim Technology Park Corp Sdn Bhd (KTPC) for the lease of a 4.57-acre industrial tract in Kulim Hi-Tech Park in Kedah for a lease price of RM9.95mil.

In a filing with Bursa Malaysia, the group said the lease term will commence on Dec 15, 2024 and end on Dec 14, 2094, with an option to renew for another 39 years upon mutual written agreement of the parties.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Maxland , Kulim , data centre

Next In Business News

MSPO certification helps Malaysia meet sustainability requirements in FTAs, says MPOB
Teamstar signs underwriting agreement with TA Securities for ACE Market IPO
Melati Ehsan redesignates COO to CEO
TM Nxera partners with TNB to secure 280MW for data centre campus
Favelle Favco acquires France-based Seram Industries SAS
Ringgit ends firmer as concerns over Fed independence weigh on US dollar
HE Group wins power distribution system contract
Awanbiru appoints Azizah Ali as its group CEO
MN Holdings proposes transfer to the Main Market of Bursa Securities
Vantris Energy divests stake in L&T-Sapura Shipping for 124mil

Others Also Read