KUALA LUMPUR (July 2): Sunway Group is selling two parcels of land measuring 64 acres in Sunway City Iskandar Puteri (SCIP), Johor, in a deal worth over RM380 million for data centre development.

In a statement, Sunway Group said it has sealed the land deal with Singapore-based Equalbase Pte Ltd, which designs, develops, invests in and manages essential areas such as clean energy production, battery storage systems and innovative water solutions.

According to the company, the latest investment by Equalbase builds on Equalbase Sunway 103° — a joint venture development between Sunway Group and Equalbase Group — with a gross development value of RM8 billion, which focuses on creating a carbon-neutral logistics hub.

Sunway City Iskandar Puteri chief executive officer Gerard Soosay said the land disposal reaffirms Sunway’s strategic vision to create value and maximise the growth potential of SCIP in Iskandar Malaysia, Johor.

“SCIP is strategically 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 added.

Meanwhile, Equalbase executive chairman Christian Bischoff commented, “We’ve been through extensive preparation for this major milestone for our group and our partners to aggregate and secure all required components to make this 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”.

Uploaded by Magessan Varatharaja