Malaysian Resources Corp Bhd (MRCB), a Malaysian conglomerate is considering building a data center campus in Bukit Jalil following its buying out of the entire stake (80 per cent) of the Employees Provident Fund’s (EPF) in Bukit Jalil Sentral Property Sdn Bhd (BJSP) for RM1.58 billion (US$ 380 million). EPF is a Malaysian government-managed compulsory retirement fund.
BJSP was formed as a joint venture between MRCB and EPF to develop a mixed-use project comprising office towers, hotels, retail shops, serviced apartments and residential towers. However, the plan did not go through due to pandemic era disruptions which raised the cost of development, according to a filing by MRCB yesterday.
The land consists of three parcels of leasehold commercial land spanning 308,840 sq m. The leasehold will expire in December 2116.
In the filing, MRCB said it is currently assessing the feasibility of developing data centers on all or part of the land which is close to the Malaysian Research Accelerator for Technology & Innovation (MRANTI) Park, which already houses several data centers.
“The lands can serve as an enlarged hub to the vibrant and collaborative communities in MRANTI,” it said, adding that it could only finalise the development plans upon completion of the proposed acquisition expected in 2Q 2026.
“Upon completion of the proposed acquisition, BJSP will become an indirect wholly-owned subsidiary of MRCB,” the company said.
MRCB will then have full control of BJSP through its wholly-owned subsidiary Rukun Juang Sdn Bhd (RJSB) which already owned 20 per cent of BJSP. The share sale agreement was signed on September 8 between RJSB and EPF’s unit Tanjung Wibawa Sdn Bhd.
