Singapore-headquartered data center platform Tera Data Centers has purchased 221.67 acres of industrial land in Negeri Sembilan from Eco Business Park 7 Sdn Bhd for RM 1.013 billion (US$ 250 million), the firms announced in a joint statement today.
The purchase, executed through Tera’s Malaysian business, Tera Data Centers (Malaysia) Sdn Bhd, was for two parcels within Eco Business Park 7 (EBP 7) in Mukim Jimah, Port Dickson, in the state of Negeri Sembilan., located north of Johor.
EBP 7 is a freehold industrial park spanning 1,195 acres which is jointly developed by property giant Eco World Development Group Bhd, infrastructure giant SD Guthrie Bhd and state entity NS Corporation.
EcoWorld controls 55 per cent stake in Eco Business Park 7 Sdn Bhd, SD Guthrie Land Ventures Sdn Bhd, a wholly-owned subsidiary of SD Guthrie, holds 30 per cent while NS Corp holds 15 per cent.
EBP 7 was the first industrial development launched within Parcel C of Malaysia Vision Valley 2.0 (MVV 2.0) master plan in the state.
Tera Data Centers has operations in Malaysia, Thailand and Indonesia.