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Glomac mulls diversifying into data centres

PETALING JAYA (Oct 26): Glomac Bhd is considering venturing into data centre business in the near future to diversify its investment portfolio.

Glomac Bhd group managing director and CEO Datuk Seri Fateh Iskandar Mohamed Mansor said the company has been in talks with two parties (one local and one international) on data centres.

"We have land in Cyberjaya and are looking at the specifications in terms of financial viability. Although the talks are stalled due to the Covid-19 pandemic and the subsequent implementation of the movement control order (MCO), this could be another avenue of business we are seriously looking into, but it is still in its early stages," he told the media during the virtual press conference after the company's 36th Annual General Meeting (AGM).

In view of the current situation affected by the Covid-19 pandemic, Fateh said the company will be incorporating work-from-home friendly layouts in its new upcoming launches. 

"Homebuyers prefer slightly larger houses with dedicated spaces for work. For instance, we are converting additional store rooms or family rooms into working/study spaces, starting with our recent launch - Mawar Sari terraced homes in Saujana Perdana.

"We are also working closely with Telekom Malaysia and Maxis to upgrade the internet and wireless connectivity in our home as well. At least in the near future, working from home or studying from home will be a new norm," said Fateh.

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