Sime Darby Property Berhad ("Sime Darby  Property" or "Group”) is pleased to announce the signing of a new build-and-lease agreement  with Pearl Computing Malaysia Sdn Bhd (“Pearl Computing”), a wholly-owned subsidiary of a  multinational technology company. This new agreement will see the development of additional  data centre facilities. 

The data centre facilities will be developed to meet customised specifications and  infrastructure requirements, on a 77-acre site at Elmina Business Park. These facilities will be  located in close proximity to Pearl Computing’s first data centre, which is currently under  construction and targeted for completion in early 2026. 

With its well-established infrastructure, strategic location, and thoughtfully designed master  plan, the 1,500-acre, award-winning industrial township of Elmina Business Park, which is  Klang Valley’s largest freehold industrial business hub, has become a preferred destination  for technology-driven industries. Securing these additional data centre projects further  accelerates the township’s development into a thriving industrial hub, elevating its appeal to  global corporations. 

Infrastructure development at the site is currently underway, with completion of construction  targeted for 2027. Following that, the parties will enter into a 20-year lease valued at up to  RM5.6 billion, with options to renew for two additional five-year terms. This realises the  Group’s SHIFT25 strategy by significantly increasing recurring income and expanding the  Investment & Asset Management (“IAM”) segment’s assets under management. 

Dato’ Seri Azmir Merican, Sime Darby Property’s Group Managing Director said, “This  agreement reflects Sime Darby Property’s ability to deliver, own, and lease data centres that  meet the demands of the global digital economy, exemplifying the technical sophistication and  operational reliability required for mission-critical, complex infrastructure assets.” 

Added Dato’ Seri Azmir, “The presence of these data centres in Elmina Business Park  enhances Selangor’s attractiveness as a key digital hub for Malaysia, buoyed by Selangor’s  well-developed infrastructure, business-friendly policies, and collaborative efforts of  authorities. We extend our sincere gratitude to the Federal Government, Selangor State  Government, as well as the Selayang Municipal Council (“MPS”), Tenaga Nasional Berhad, 

and Air Selangor, for their invaluable support in bringing these projects to fruition.” 

This agreement builds on Sime Darby Property’s maiden data centre collaboration,  announced in May this year, which marked the Group’s entry into the data centre segment.  These initiatives represent a robust expansion into the high-value data centre asset class and  affirm Sime Darby Property’s position as a key enabler of Malaysia’s digital transformation  journey. 

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