New sukuk programme supports hyperscale data centres and industrial asset expansion

Expanding Into Digital Infrastructure

Sime Darby Property Bhd is accelerating its expansion into Malaysia’s digital infrastructure sector through a RM2.6 billion sukuk programme under its New Economy Venture (NEV) platform. The funding will support the development of build-to-suit-to-lease hyperscale data centres, as well as industrial and logistics assets.

Supporting Hyperscale Data Centre Growth

The programme will partially finance hyperscale data centre developments at Elmina Business Park, with Sime Darby Property responsible for designing, constructing and delivering the assets. The development is supported by a long-term lease arrangement with a global technology company, providing recurring income visibility.

Building a New Economy Asset Portfolio

Beyond data centres, part of the funding will support industrial and logistics developments, including a build-to-suit distribution warehouse in City of Elmina. The initiative aligns with Sime Darby Property’s strategy to expand its recurring income portfolio through institutional-grade assets.

Why It Matters

The move highlights the growing importance of digital infrastructure within Malaysia’s property sector. As demand for data centres continues to rise, developers with strategic landbanks and industrial capabilities are positioning themselves to capture opportunities beyond traditional residential development.

🔗Explore properties across Malaysia on NEXTSIX: https://nextsix.com

Article Information Source: NST Property

Disclaimer. The information in this article is provided by The Next Six Sdn Bhd for general information only. While reasonable care has been taken to ensure it is accurate, reliable and complete as at the time of writing, the content is provided “as is” and we make no representations or warranties—express or implied—regarding its accuracy, completeness or fitness for any particular purpose, to the fullest extent permitted by law. Nothing herein constitutes financial, investment, real estate or legal advice, and it should not be relied upon to make decisions. Please seek independent professional advice tailored to your circumstances. Your use of this content is at your sole risk, and, to the extent permitted by law, The Next Six Sdn Bhd (and its officers, employees and agents) accepts no liability for any loss or damage arising from any use of or reliance on it. We are not obliged to update the content after publication.