Baker McKenzie acted as international and Malaysia counsel to Sime Darby Property Berhad (“Sime Darby Property”) in connection with the formation a MYR 1.25 billion closed-end, discretionary Shariah-compliant investment fund, as well as a co-investment sidecar established for a key investor.
As detailed in Sime Darby Property's Bursa Malaysia announcement on 9 June 2026, the fund will invest principally in build-to-suit-to-lease data centres, and industrial and logistics development projects located within Sime Darby Property's established townships in Malaysia.
The Baker McKenzie team was led by Singapore* Funds Principal Derek Kwan with support from Local Principal Jens Carle and Associates Ziyong Guo, Celine Yap and Kai Gosian. Malaysian law advice was provided by Wong & Partners** Partner Stephanie Phua and Associate Justin Chong in Kuala Lumpur.
Commenting on the deal, Derek said, "This is a landmark transaction in the Malaysian market, bringing together a highly innovative fund structure with a compelling real asset strategy anchored on data centre and logistics development. We are grateful to Sime Darby Property for the trust placed in us and proud to have supported them in this market-leading transaction.”
Baker McKenzie advises clients across the full spectrum of transactional, advisory and dispute resolution matters, including sponsors, private equity firms, asset managers and institutional investors such as pension funds, family offices, and sovereign wealth funds. The Firm regularly supports alternative investment programs, including fund formation, portfolio optimization, mergers and acquisitions, corporate reorganizations, strategic tax advice, and complex litigation and regulatory enforcement, as well as secondary transactions, joint ventures, structured hybrid funds, and GP‑led liquidity solutions.
**Wong & Partners is the Malaysia member firm of Baker McKenzie