KUALA LUMPUR: Sunway Group has sealed a deal worth more than RM380 million with Equalbase Pte Ltd.
The latter will acquire two parcels of land spanning 64 acres in Sunway City Iskandar Puteri (SCIP), Johor for data centres development.
In a statement, Sunway said the latest investment builds upon Equalbase Sunway 103°, a Sunway and Equalbase Group joint venture sitting on a Free Commercial Zone with a gross development value (GDV) of RM8 billion for the carbon-neutral logistics hub in SCIP.
SCIP chief executive officer Gerard Soosay said the sale reaffirms Sunway's strategic vision to create value and maximise the growth potential of SCIP in Iskandar Malaysia, Johor.
Soosay said SCIP is located just five kilometres from the Second Link, allowing it to leverage its close proximity to Singapore.
"It underscores investor confidence in Johor, and our commitment to making SCIP the centrepiece of Malaysia's southern development corridor, attracting investments from around the world.
"This proposed disposal will provide an opportunity to realise gains and unlock the value of Sunway's original investment," he said.
Equalbase executive chairman Christian Bischoff said the company has been through extensive preparation to aggregate and secure all required components to make the project a thorough success.
"I am confident that we are building one of the most sustainable data centres today. We will integrate all critical elements within our group.
"Equalbase, together with other companies under its group, directly controls, designs, develops, invests and manages essential areas, such as clean energy production, battery storage systems and new, innovative water solutions," added Bischoff.