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Sunway REIT is a Real Estate Investment Trust in Malaysia concentrating on retail properties, though it also owns offices and hotels and resorts. Its IPO was July 8, 2010. By asset size, it's the largest in Malaysia.
Sunway REIT is a spinoff from Sunway City (SCITY). The manager is Suncity REIT Management Sdn Bhd, a subsidiary of SCITY. OSK Trustees Berhad is the trustee. It's based in Selangor. Tan Sri Dato’ Seri Dr Jeffrey Cheah Fook Ling, AO is the Chairman & Non-Independent Non-Executive Director. DTZ Nawawi Tie Leung Property Consultants Sdn Bhd is the property manager.
Sunway REIT Property Portfolio Includes:
Sunway Pyramid, Bandar Sunway; Sunway Carnival, Seberang Perai, Tengah, Penang; SunCity Ipoh Hypermarket, Ipoh; Menara Sunway, Bandar Sunway; Sunway Tower; Sunway Resort Hotel & Spa, Bandar Sunway; Pyramid Tower Hotel, Bandar Sunway; Sunway Hotel, Seberang Jaya; and Seberang Perai, Tengah, Penang.
Therefore, Sunway REIT is an M-REIT well positioned to profit from prosperity and business in Malaysia.
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