SimeProp seeks loan to build data centre for Google

SimeProp is ramping up its presence in data centres to serve the boom in artificial intelligence.

KUALA LUMPUR: Sime Darby Property Bhd (SimeProp) is in talks with banks for a loan of as much as RM3bil (US$714mil) to fund the building of a data centre that will be leased to Google, according to people familiar with the matter.

The proposed loan will have a tenor of five years and carry an extension option of as long as two years, the people said.