Sime Darby Property launches RM1.25 billion Shariah-compliant fund for data centres and industrial assets

Sime Darby Property announced the launch of its New Economy Venture fund on June 9, 2026, with RM1.25 billion in capital aimed primarily at investing in data centres and industrial projects within its Malaysian townships ^{[1, 2, 3, 4]}. The fund is Shariah-compliant and has secured full capital commitments from institutional investors including the Employees Provident Fund (EPF), Armed Forces Fund Board (LTAT), and Great Eastern Life Assurance Malaysia (GELM) ^{[1, 2, 3, 4]}.

Sime Darby Property acts as the general partner and sponsor of the fund and has committed RM500.1 million as a co-investor ^{[1, 3, 4]}. The fund has secured two seed assets within Sime Darby Property’s flagship townships, Elmina Business Park and City of Elmina, which represent about 85% of the target fund size and have long-term leases in place ^{[1, 2, 3, 4]}. Construction on these seed assets began recently and is expected to complete in the second half of 2027 ^{[1, 2, 3, 4]}.

The fund is part of Sime Darby Property’s capital-light growth strategy, leveraging third-party institutional capital to accelerate development of new economy assets within its townships ^{[1, 2]}. The company's investment and management arm currently oversees assets worth RM4.4 billion, supported by a long-term hyperscale data centre lease that began in April 2026 ^{[1, 2]}.

This fund follows Sime Darby Property’s earlier 2022 RM1 billion Industrial Development Fund joint venture with LOGOS Property ^{[1, 2, 4]}. Datuk Seri Azmir Merican, Sime Darby Property Managing Director and CEO, said the launch "marks an important step in expanding Sime Darby Property’s investment and fund management business" and called it "an important milestone in the company’s SHIFT32 strategic transformation journey" ^{[1, 2, 4]}.

The New Economy Venture fund has a planned duration of five years and will focus on driving new data and industrial assets across Sime Darby’s townships in Malaysia ^{[3, 4]}. Completion of the seed asset projects is expected by the latter half of 2027, setting the stage for further investments and development.