Malaysian real estate firm Sime Darby Property is leasing more land to Google at its business park in the city of Elmina.
The company this week announced it has entered into an agreement to build and lease a data center with Google-affiliated Pearl Computing Malaysia Sdn. Bhd., a wholly-owned subsidiary of Raiden APAC Pte. Ltd.
Under the agreement, Sime subsidiary SDP EBP II will build and lease data center facilities and associated structures in Elmina Business Park Phase 2 to Pearl Computing.
The site in question will total 77 acres in the Elmina Business Park in Klang Valley, northwest of Kuala Lumpur.
The project is set for completion by the end of December 2027. The initial lease will be for 20 years, with two five-year extension options. The total value of rent payable over the initial term of the lease is estimated to be up to RM5.6 billion ($1.25bn).
Sime first announced plans to move into developing data centers earlier this year, with Pearl set to lease a 49-acre site in Elmina Park. That first data center is set for a 2026 completion date.
Pearl Computing was at the time described as a wholly-owned subsidiary of an unnamed US-based multinational technology company. Google then announced it would be developing a data center in Sime’s Elmina Park as part of a $2bn expansion project. Google first revealed plans for a cloud region in Malaysia in 2022.
Though it can trace its roots back to United Estates Projects Berhad, a property development company established in 1964, Sime Darby Property was officially formed in 2007 by former parent company Sime Darby and has since been publicly listed.
Sime Darby Property reached out to DCD to clarify it demerged from Sime Darby Berhad in 2017 and is no longer a subsidiary of the latter.
Sime Darby was named after founders William Middleton Sime, Henry d’Esterre Darby, and Herbert Mitford Darby, who founded the company in 1910.
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