SimeProp NEV in RM2.6bil DC sukuk programme
Sime Darby Property NEV (Holdings) Sdn Bhd has established a sukuk programme of up to RM2.6 billion to finance the development of build-to-suit-to-lease data centres and industrial and logistics assets, according to The Star.
Source: The Star · July 29, 2026 at 6:54 AM · AI-assisted report
KUALA LUMPUR, 29 JULY 2026 —
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Sime Darby Property NEV (Holdings) Sdn Bhd has established a sukuk programme of up to RM2.6 billion to finance the development of build-to-suit-to-lease data centres and industrial and logistics assets, according to The Star.
Market Impact
The programme marks a significant milestone in the group's strategic expansion into Malaysia's digital economy and logistics sector, said Datuk Seri Azmin Merican, group managing director and chief executive officer.
Under the programme, a green sukuk will part-finance the development of hyperscale data centres in Elmina Business Park, with completion targeted for 2027, Azmin said.
The hyperscale data centre project is backed by a 20-year lease with a multinational technology company, according to the statement.
The sukuk programme will also help part-finance a build-to-suit distribution warehouse in the City of Elmina, anchored by a 15-year lease with a local hypermarket operator, the statement said.
Maybank Investment Bank Bhd is the principal adviser, lead arranger and facility agent for the transaction, with Maybank IB and OCBC Al-Amin Bank Bhd as joint-lead managers, according to the statement.
Datuk Seri Azmin Merican said the collaboration with Maybank, OCBC and the Asian Development Bank reflects confidence in the group's long-term strategy and investment platform.
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