Sime Darby Property NEV (Holdings) Sdn. Bhd. has announced the establishment of the world’s first RM2.60b Green Sukuk Programme. This initiative aims to finance the development of energy-efficient hyperscale data centres and industrial and logistics assets, marking a significant advancement in Malaysia’s digital infrastructure and sustainable finance landscape.
The Green Sukuk Programme will support the New Economy Venture (NEV) Fund, a RM1.25b Shariah-compliant fund focused on build-to-suit-to-lease developments. The programme features a dual-tranche financing structure, combining guaranteed and non-guaranteed Sukuk financing, supported by Maybank Investment Bank, OCBC Al-Amin, the Asian Development Bank, and the Credit Guarantee & Investment Facility.
The funds will be used to develop hyperscale data centres in Elmina Business Park, with a 20-year lease agreement with a multinational technology company, and a distribution warehouse in the City of Elmina, under a 15-year lease with a local hypermarket operator. Both projects are expected to be completed by the end of 2027.
Dato’ Seri Azmir Merican, Group Managing Director and CEO of Sime Darby Property, stated, “The RM2.6b Sukuk Programme marks a defining milestone in our SHIFT32 transformation, strengthening Sime Darby Property’s position in the rapidly growing new economy sector.”
This initiative aligns with Malaysia’s digital economy ambitions, positioning Elmina Business Park as a preferred destination for global hyperscale operators. The programme also underscores Sime Darby Property’s commitment to sustainable growth and innovative funding structures.
