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Sunway REIT buys first industrial real estate for RM91.5mil


 Sunway Pyramid Shopping Mall is the single most expensive asset under Sunway REIT.

Sunway Pyramid Shopping Mall is the single most expensive asset under Sunway REIT.

KUALA LUMPUR: Sunway Real Estate Investment Trust (SunREIT) has acquired its first industrial property -- a 15.5-acre industrial land in Section 23, Shah Alam, including buildings erected on it -- for RM91.5mil.

Sunway REIT Management Sdn Bhd, the manager for the retail-focused REIT, told Bursa Malaysia that SunREIt’s trustee RHB Trustees had signed a conditional agreement with owner Champion Edge Sdn Bhd for that purpose on Wednesday.

   

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