Maybulk, partners file disposals to DayOne SPV; UEM Sunrise plots RM415m KLCC venture

AI land rush: DayOne-linked Kapar assembly signals Klang Valley data centre shift

Data centre operator DayOne Data Centers is linked to a coordinated 157-acre industrial land assembly in Kapar, Klang, involving adjoining parcels worth a combined RM687.89 million, underscoring the expansion of hyperscale infrastructure demand beyond Johor into the Klang Valley. According to industry database Baxtel, the consolidation is being executed via WG Malaysia VIII Sdn Bhd, which is assembling contiguous freehold industrial plots previously earmarked for warehousing and logistics into a single campus intended for data centre development. Baxtel described the exercise as a large-scale land aggregation potentially suited for hyperscale infrastructure requirements, marking a geographic extension of DayOne’s Malaysia footprint. DayOne Data Centers, the Singapore-headquartered operator formerly part of GDS Holdings’ international business, operates across Singapore, Johor, Batam, Bangkok, Hong Kong and Tokyo. It has also secured financing support for regional expansion, including a RM2.5 billion commitment from Maybank for projects linked to the Johor–Singapore Special Economic Zone.

Industrial land and IT: Maybulk Bhd, Eonmetall Group Bhd and Leader Steel Holdings Bhd have issued circulars for the proposed disposal of three contiguous freehold industrial land parcels in Mukim Kapar, Klang, to WG Malaysia VIII Sdn Bhd for RM687.89 million in cash. Maybulk, through MBC Logistic Hub Sdn Bhd, is selling 23.49 hectares for RM278.05 million (about RM110 per sq ft); Eonmetall, via Eonmetall Land Sdn Bhd, 26.72 hectares for RM273.28 million (about RM95 per sq ft); and Leader Steel, through FerroNet Asia Sdn Bhd, 13.4 hectares for RM136.56 million. Pricing was set on a willing-buyer willing-seller basis and broadly aligns with Savills (Malaysia) valuations dated March 6, which benchmarked the land on highest-and-best-use potential for IT infrastructure. The disposals are related-party transactions under Bursa Malaysia rules due to common directors and major shareholders across the trio. Proceeds will be used mainly for debt repayment, with Maybulk and Leader Steel also proposing special dividends. Extraordinary general meetings are scheduled for July 20, with completion expected in the second half of 2026.

Balance sheet impact Eonmetall expects a net gain of about RM57.82 million, Maybulk about RM30.55 million, and Leader Steel about RM18.39 million. Each group has flagged partial capital return via dividends alongside balance sheet deleveraging.

UEM Sunrise secures RM415m entitlement in Exsim KLCC development deal

UEM Sunrise secured a guaranteed RM415 million entitlement by entering into a development rights agreement with Exsim KLCC for its 1.6‑acre Lot 149 near the KLCC precinct. UEM Sunrise Bhd, through indirect wholly‑owned Aurora Tower At KLCC Sdn Bhd, will grant Exsim KLCC Sdn Bhd the rights to develop the freehold site at the junction of Jalan Ampang and Jalan P. Ramlee in return for the guaranteed entitlement by December 31, 2026.

The planned development is a mixed‑use scheme comprising a hotel, hotel residences and a retail mall. Beyond the guaranteed sum, the agreement includes a profit‑sharing arrangement entitling UEM Sunrise to 10% of any project profit before tax above RM610 million. The site, acquired in 2008, carried a net book value of RM320.7 million as at December 31, 2025 and a market value of RM327 million as at February 22, 2026.

UEM Sunrise expects a gain of about RM66 million from recognising the entitlement in the financial year ending December 31, 2026, and said part of the proceeds would go toward debt repayment and working capital. Managing director and chief executive officer Shaharul Farez Hassan said the structure lets the group realise upfront value from the land while assigning development risk to a partner, freeing it to focus on its pipeline in the Klang Valley and Iskandar Puteri.

OCR Group launches RM344 mil Rawang residential project, inks Huawei pact

OCR Group launched the RM344 million D’Templer Hilltop Residences in Rawang and entered into a smart‑living memorandum of understanding with Huawei Malaysia. The low‑density landed development in Templer, Rawang, about 30km from Kuala Lumpur city centre, targets families and upgraders seeking landed homes.

The project comprises 52 units of two and three‑storey semi‑detached homes priced from around RM2.03 million on freehold land, with completion targeted for March 2028. Under the Huawei collaboration, the parties will explore integrating residential smart photovoltaic and intelligent energy management systems, alongside joint marketing initiatives.

OCR said the development could benefit from proposed infrastructure upgrades in the Selayang North–Rawang corridor, including a dedicated U‑turn road, the proposed Kuala Lumpur Northern Dispersal Expressway and a RM74.5 million widening of the Kuala Lumpur–Rawang road under the 13th Malaysia Plan. D’Templer joins the group’s pipeline alongside Residensi Akasia in Shah Alam and Stellar Damansara.

Also on the radar today

Today's roundup

Land transactions were the main news over the weekend. Maybulk, Eonmetall and Leader Steel issued circulars for a combined RM687.89 million sale of contiguous Kapar industrial land to IT‑infrastructure buyer WG Malaysia VIII (DayOne Data Centers' special purpose vehicle), with shareholder votes set for July 20. UEM Sunrise secured a guaranteed RM415 million entitlement by granting Exsim KLCC the rights to develop its 1.6‑acre Lot 149 near the KLCC precinct, while OCR Group launched the RM344 million D’Templer Hilltop Residences in Rawang alongside a smart‑living agreement with Huawei. In brief, Crescendo’s data‑centre land disposal to a Microsoft entity turned unconditional, Paragon Globe completed a RM64.47 million Johor land disposal, Titijaya expanded into Sabah with launches in Likas, Rehda Institute ran a mentoring programme for property careers, and the transport minister flagged an audience with the Sultan of Selangor over the LRT3 line.