Malaysian property developer Mah Sing Group Bhd plans to form a joint venture to monetise its data center landbank, according to analysts in Kuala Lumpur today.
Kenanga Research and BIMB Research noted that the company’s active landbanking strategy will help its medium term earnings visibility.
The company’s landbank stood at 1,086ha with a combined gross development value of RM29.9bil (US$7.5 billion).
