KUALA LUMPUR: UEM Sunrise Bhd is selling its two land parcels in Iskandar Puteri, Johor to a global data centre player for RM144.9mil.
In a statement on Tuesday, the group said its two wholly-owned subsidiaries, UEM Land Bhd and Nusajaya Rise Sdn Bhd have entered into a conditional sale and purchase agreement for the disposal of the freehold lands measuring 28.9 acres.
UEM Sunrise did not disclose the name of the data centre player that bought the lands in East Ledang, Iskandar Puteri.
However, its chief executive officer Sufian Abdullah said the strategic land divestment builds on the memorandum of understanding signed in May with LOGOS Infrastructure Holdco Pte Ltd to develop a data center campus in Gerbang Nusajaya.
Sufian also noted that the land disposal reaffirmed the group’s dedication to supporting Johor’s data centre ecosystem, ultimately addressing the global demand for data solutions.
“Our southern landbanks being strategically positioned next to Singapore, shall benefit from the growing investments in Iskandar Puteri Johor, as well as spillover effects for demand on our 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.
Looking ahead, UEM Sunrise expressed its commitment to supporting the data centre ecosystem in response to its increasing demand, while tactically positioning itself at the core of digital infrastructure growth through strategic land monetisation.