RM130m data centre coming up in Nusajaya Tech Park

NUSAJAYA, Oct 26 — VADS Bhd is investing RM130 million to build its a two-phase purpose-build data centre in Nusajaya Tech Park, as part of its strategy to cater to the growing demand for data business in the region.

Chief Excutive Officer Massimo Migliuolo said the first phase of the data centre would comprise a built-up area of 30,000 square feet on a 3.213-hectare piece of land.

“The expansion for the second phase will be based on market requirements.

“What is important is that the market is growing very fast and the industry demands purpose-build data centre,” he told reporters after the ground-breaking ceremony for the centre by Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin at the Nusajaya Tech Park here today.

The first phase is expected to be completed in the first quarter of 2017, Migliuolo said.

VADS Data Centre, which is a carrier neutral data centre, would also house Telekom Malaysia (TM) Iskandar international gateway, that would serve as a regional hub in providing services such as end-to-end managed information communication technology (ICT) services, cloud services via digital marketplace and high-speed broadband connectivity to its Malaysia and ASEAN customers.

Meanwhile, TM Group Chief Executive Officer Tan Sri Zamzamzairani Mohd Isa said the growth trend of data businesses have been growing quite steadily over the years.

“Over the past two years, data businesses for the group have been growing about 26 per cent. If you look at that, certainly the trend will continue, which is one of our important components in the business,” he said.

In terms of contribution to the group, Zamzamzairani said non-voice business had become a major contributor with 70 per cent contribution since 2012, with data businesses continuing to contribute to that segment.

VADS, which is a wholly-owned subsidiary of TM, provides managed integrated ICT/business process outsourcing services. — Bernama

Mitsui to offer build-to-suit properties for lease in Nusajaya, Iskandar Malaysia

SINGAPORE – Mitsui & Co Ltd, one of Japan’s largest general trading companies, has entered into a joint-venture (JV) agreement with Singapore’s business space solutions provider Ascendas and Malaysian property developer UEM Sunrise Berhad to offer build-to-suit (BTS) properties for lease in Nusajaya Tech Park in Iskandar Malaysia.

Nusajaya Tech Park Sdn Bhd (NTPSB) is jointly owned by Ascendas and UEM Sunrise. Nusajaya Tech Park will be developed in phases over nine years, according to its website, and is one of the closest industrial sites to the Malaysia-Singapore Second Link.

The JV marks the first Japanese partnership for industrial parks in Iskandar Malaysia, although Mitsui has already developed an extensive network in Japan, especially in sectors such as industrial property development and leasing.

Ascendas, which is a member of Ascendas-Singbridge group, has had over 30 years of experience and assets under management exceeding S$16 billion.

UEM Sunrise, a Malaysian public-listed company, offers services in macro township development, high-rise residential, commercial retail and integrated developments, as well as property management.

Said Reiji Fujita, Mitsui’s general manager of urban development division: “Japanese companies are increasingly seeking investment and expansion opportunities in South East Asia as part of their globalisation strategies. Our collaboration with two very formidable industry leaders in this market, Ascendas and UEM Sunrise, will cement our position as a preferred partner for Japanese companies seeking growth in this part of the world.”

Mitsui and NTPSB will hold equity stakes of 49 per cent and 51 per cent respectively in the JV entity, according to a press release on Tuesday.

Some 10.7 ha of land will be set aside for the development of BTS properties for lease within the 210-ha large Tech Park as part of their agreement, with total development costs estimated at S$167 million over four years.

Said its press release: “the Mitsui-NTPSB joint venture will provide one-stop solution to companies who prefer to operate in customised facilities on long-term leases, without the hassle and capital expenditure associated with the construction process”.

The BTS project intends to oversee and finance the real estate process for customers, including the design, construction and project management, and also offer integrated industrial, commercial spaces, dormitories, amenities and support facilities – all within Nusajaya Tech Park.

“We welcome Mitsui as a new partner in Nusajaya Tech Park,” said William Tay, chief executive officer of Ascendas South East Asia and director of NTPSB. “Through this new joint venture, our customers in Nusajaya Tech Park will not only benefit from solutions that are customised to their business needs, but also enjoy international standards of business space development and operations as a result of the collective strengths of all three partners.

“We are confident that Nusajaya Tech Park will continue to play an instrumental role in catalysing industrial growth and creating an eco-system of high value-added industries in Iskandar Malaysia.”

Source: http://business.asiaone.com/news/mitsui-offer-build-suit-properties-lease-malaysia