Warburg Pincus-backed Princeton Digital Group (PDG) is buying 31 acres of land in Malaysia to build a MYR2bn (€406m) data centre campus.
PDG has entered into an agreement with JLand Group (JLG), Johor Corporation’s real estate and infrastructure arm, for the acquisition of the land in Sedenak Tech Park (STeP), Johor, to build the 150MW JH1 hyperscale campus.
The first phase of the project is planned for completion by the second quarter of next year.
The project marks Singapore-headquartered PDG’s entry into Malaysia, its sixth country of operations after Singapore, China, Indonesia, India and Japan.
Datuk Syed Mohamed, president and CEO of Johor Corporation and chairman of JLG, said: “At this point, the focus for JLG is expanding data centre opportunities as investors and operators prioritise the sector’s fast-growing prospects.”
PDG’s entry into Johor and STeP is a strong validation of JLG’s strategy and offerings, Syed Mohamed added.
Rangu Salgame, chairman, CEO and co-founder of Princeton Digital Group, said: “Our entry into Malaysia adds to PDG’s growing footprint in Asia, further strengthening our presence as a Pan-Asia digital infrastructure leader.”
Asher Ling, chief technology officer and managing director of PDG Singapore, spoke of the group’s “deep understanding of hyperscaler needs” as they expand their presence in Southeast Asia while requiring access to best-in-class digital infrastructure.
“Sedenak Tech Park, with its strong power and connectivity infrastructure and other enabling factors, is the ideal site for our hyperscale development. Our data centre will utilise next-generation, cutting-edge sustainable technology solutions.”
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