October 15th 2026, 4:24 PM
AirTrunk Data Center Sale Marks Shift in Johor's Data Center Market Amid AI Selloff
Key Summary
AirTrunk, a hyperscale data center platform, is reportedly close to selling one of its data center assets in Johor, Malaysia, at an estimated valuation of $1 billion. The sale is part of a broader trend in the data center space, which has been delayed by a selloff in AI-linked equities and rising interest rates. Johor's construction spree is expected to continue, with 28 data center sites being tracked across 16 operators, targeting a combined capacity of 1,210 MW.
Please see our real time news feed on our Home Page
The Deal
AirTrunk is reportedly close to selling one of its data center assets in Johor, Malaysia, at an estimated valuation of $1 billion. The buyers include KWAP, Malaysia's national pension fund.Market Context
The transaction was reported on October 15, 2026. It involves an AirTrunk asset in Johor valued at approximately $1 billion, with KWAP among the investors on the other side.AirTrunk's Plans
AirTrunk is a hyperscale data center platform. Blackstone and CPPIB hold a majority stake following their $16.1 billion acquisition of the company in 2024. The selloff in AI-linked equities, paired with rising interest rates, has delayed and reshaped fundraising efforts across the data center space. Several listings tied to the sector have been put on hold.Johor's Construction Spree
As of October 15, 2026, 28 data center sites were being tracked in Johor across 16 operators. Those operators are planning a combined capacity of 1,210 MW. AirTrunk ranks among the leaders in potential capacity within that group.#DataCenter#Johor#Malaysia#AI#Crypto