KUALA LUMPUR: UEM Sunrise Bhd's wholly-owned subsidiaries, UEM Land Bhd and Nusajaya Rise Sdn Bhd, have entered a conditional Sale and Purchase Agreement (SPA) with a leading global data centre industry player for the disposal of two parcels of freehold land in Iskandar Puteri, Johor, for RM144.9 million.
In a statement, the company said the initiative underscored the company's commitment in supporting the burgeoning demand for data centres, whilst tactically positioning itself at the core of digital infrastructure growth through strategic land monetisation.
Located in East Ledang, Iskandar Puteri, the freehold lands in Pulai, Johor Bahru measured approximately 11.7 hectares in total.
"Building on a prior memorandum of understanding (MoU) signed in May with LOGOS Infrastructure Holdco Pte Ltd. to develop a data centre campus in Gerbang Nusajaya, this strategic land divestment reaffirms our dedication to supporting Johor's data centre ecosystem, ultimately addressing the global demand for data solutions," said UEM Sunrise chief executive officer Sufian Abdullah.
He added the company's southern land banks which are trategically positioned next to Singapore, shall benefit from the growing investments in Iskandar Puteri Johor, as well as spillover effects for demand on its residential and commercial spaces.
"As we re-evaluate our remaining landbank potential, this divestment and monetisation strategy sets the groundwork for substantial technological, economic and community advancements in Johor," he added.