KUALA LUMPUR (May 11): NCT Alliance Bhd said it has signed a term sheet for the proposed sale of a 100-acre land parcel within its NCT Smart Industrial Park (NSIP) for a data centre development that could support up to 800MW of capacity. ​

In a Bursa Malaysia filing on Monday, the property developer said the site had been identified by a global data centre operator as a potential development location, although the purchaser was not disclosed. ​

NCT said the proposed transaction remains subject to regulatory approvals and the execution of definitive agreements between the parties. ​

The group added that the proposed sale is expected to contribute positively to revenue and earnings upon completion, while strengthening its position in the digital infrastructure segment. ​

According to NCT, the entry of a global data centre operator into NSIP is expected to enhance the industrial park’s profile and reinforce its appeal to high-quality investors. ​

The company said the development builds on NSIP’s position as a managed industrial park with IR4.0-ready facilities and GreenRE-certified environmental, social and governance (ESG) features. ​

NSIP has also received a five-diamond rating under the Low Carbon Cities 2030 Challenge, NCT added. ​

The group said NSIP’s managed industrial park framework, which includes integrated infrastructure, centralised estate management and long-term master planning, supports large-scale investments and long-term operational scalability. ​

At midday break on Monday, NCT shares rose 0.5 sen or 0.9% to 57.5 sen, giving the group a market capitalisation of RM1.23 billion. Over the past one year, the stock has gained 18.6%.​

Source: NCT Signs Term Sheet to Sell 100-acre Smart Industrial Park Land for Data Centre Project​