News about Sime Darby Property

The mall, which has been operational since August 2024, serves as a retail and leisure hub for the City of Elmina and beyond.

The assets — previously owned by a 50:50 joint venture with a Japanese consortium — consolidates Sime Darby Property’s ownership of the logistics assets, the company said in a statement.

The scope of the contract encompasses comprehensive main infrastructure works, including roads, drainage systems, water reticulation, sewerage, KUALA LUMPUR (Dec 16): Advancecon Holdings Bhd (KL:ADVCON) has bagged a main infrastructure work contract worth RM44.

"We estimate that the investment by Google for Phase 2 could be worth RM4 billion to RM5 billion, as the capacity could be around 200MW to 250MW, based on the land size and the value of total rental.

“The presence of these data centres in Elmina Business Park enhances Selangor’s attractiveness as a key digital hub for Malaysia, buoyed by Selangor’s well-developed infrastructure, business-friendly policies, and collaborative efforts of authorities,” said Sime Darby Property’s group managing director Datuk Seri Azmir Merican.

JUMPA @ Elmina Valley, a multi-storey commercial development 500 metres from Elmina City Centre, achieved a 100% take-up rate within a day, while Kanopi, the first phase of serviced apartments within Elmina City Centre, recorded 70% take-up upon launch.

“We like quality assets, especially spaces that we are very familiar with,” said group managing director Datuk Seri Azmir Merican.

The strong sales in the first nine months helped lift Sime Darby Property's cumulative net profit and revenue to record highs.

Through self-consumption via BESS, residents can enjoy significant energy savings and increased independence from the grid, with savings varying based on installed capacity and household consumption.

The project, which has a gross development value of RM299 million, offers 449 units spread across a 36-storey tower.