AirTrunk nears $1 billion Johor data centre sale as AI selloff bites

The Blackstone-backed operator is reportedly close to selling a Malaysian asset to investors including KWAP, even as rising rates stall other data center deals 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. 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 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.

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