KUALA LUMPUR (April 24): Eco World Development Group Bhd (KL:ECOWLD) is disposing of 49.588 acres of industrial land at its QUANTUM Edge industrial park in Kulai, Johor, to a hyperscale data centre operator for RM280.8 million.
The property developer said its wholly-owned subsidiary Eco Business Park 6 Sdn Bhd had entered into a conditional sale and purchase agreement with KNBDC Malaysia Five Sdn Bhd for the sale of the two parcels of land.
EcoWorld president and chief executive officer Datuk Chang Khim Wah said KNBDC was acquiring the final two industrial land parcels at QUANTUM Edge, joining existing occupants Microsoft and Princeton Digital Group.
“We are delighted to welcome KNBDC to QUANTUM Edge, which was launched in June 2024, specifically designed to cater to the needs of market-leading data centres and other high-tech customers,” he said in a statement on Friday.
EcoWorld launched the QUANTUM industrial park series in 2024 as a dedicated platform for artificial intelligence, cloud computing, high-tech manufacturing and research and development tenants, distinct from its conventional industrial parks.
Its first project under the concept was the 403-acre Eco Business Park VI in Kulai, which was rebranded as QUANTUM Edge.
At the time of the launch, EcoWorld said Microsoft Payments (Malaysia) Sdn Bhd had purchased 123 acres of land within the park for RM402.3 million, positioning QUANTUM Edge as one of the largest digital and high-tech hubs by a private developer in Malaysia.
Separately, EcoWorld said it had achieved 52% of its full-year FY2026 sales target of RM4 billion within the first four months of the year. Industrial sales accounted for 36% of cumulative sales during the period, and are expected to rise further following the KNBDC transaction.
For its first financial quarter ended Jan 31, 2026 (1QFY2026), EcoWorld posted record quarterly net profit and revenue, with net profit rising to RM156.4 million from RM80.3 million a year earlier, while revenue surged to RM1.35 billion from RM539.6 million. This was driven mainly by the completion of industrial land sales to Microsoft Payments (Malaysia) and Pearl Computing Malaysia Sdn Bhd.
The board also declared a first interim dividend of two sen per share during the quarter in review.
Shares of EcoWorld fell three sen or 1.44% to close at RM2.05 on Friday, valuing the group at RM6.60 billion.