NTT acquires land in Johor for new data center

NTT this week revealed that it has entered into a sale and purchase agreement with Tropicana Firstwide Sdn Bhd, a wholly-owned subsidiary of Tropicana Corporation Berhad for the purchase of freehold land in Gelang Patah, Johor Bahru. The 68.457-acre plot was acquired for a cash consideration of RM383 million ($88.5m).

In a statement, Tropicana said: “Johor has attracted more than 50 data centers within the last two years thanks to its strong push towards the digital economy, enabled by robust government policies, as well as good connectivity and infrastructure. Johor is experiencing an exciting time and the rapid growth in the digital industry suggests that it is well on its way to becoming a new data centre hub in South-East Asia. To this note, we are thrilled to enter into this sale & purchase agreement with NTT Data Group.”

Tropicana said it has a landbank of 728 acres in Johor and will continue to build townships as well as look for strategic partners to jointly develop the land. The firm plans to develop two townships, Lido Waterfront Boulevard in Johor City Centre and Tropicana Uplands in Gelang Patah.