Princeton Digital Group has entered into a definitive agreement with JLand Group, Johor Corporation’s real estate and infrastructure arm, for the acquisition of 31 acres of land in Sedenak Tech Park, Johor, to build a 150 MW hyperscale campus.
The value of the investment is estimated to be RM 2 billion (~USD 450 million), with the first phase of 60 MW is planned to be ready for commencement of operations by Q2 2024.
The project marks PDG’s entry into Malaysia, its sixth country after Singapore, China, Indonesia, India, and Japan. Named JH1, the data centre will be one of the largest DC campuses in Southeast Asia to serve the infrastructure needs of customers across the region.
“At this point, the focus for JLG is expanding data centre opportunities as investors and operators are prioritising the sector’s fast-growing prospects. Through our integrated offerings at Sedenak Tech Park (STeP), we remain committed to strengthening Johor’s position as a regional data centre hub given its capability to meet the accelerating demand. PDG’s entry into Johor and STeP is a strong validation of JLG’s strategy and offerings.” said Datuk Syed Mohamed, President and Chief Executive of Johor Corporation and Chairman of JLG.
“Our entry into Malaysia adds to PDG’s growing footprint in Asia, further strengthening our presence as the Pan-Asia digital infrastructure leader,” said Rangu Salgame, Chairman & CEO of Princeton Digital Group. Sedenak Tech Park with its strong power and connectivity
Index (SEA-5 Index), Malaysia was identified as the top destination for data centre investment, with a take-up of 113 MW and GDP growth of 8.7% in 2022. This affirms Malaysia’s position as one of the region’s fastest-growing colocation markets,
steadily drawing in investors and data centre operators.
