Insight - Sunway REIT sees benefits of diversification

Setting the standard: Sunway Carnival Mall, situated in mainland Penang, will be one of the largest and most modern malls in Malaysia.

THE pandemic had left many retail-related business floundering; thus, Sunway Real Estate Investments Trust (REIT) is thankful that it had diversified from a retail-focused REIT to include industrial, healthcare and education assets into its portfolio.

That move has helped the group to mitigate the adverse impact of the pandemic on its retail and hotel segments which had been suffering since the beginning of the health crisis.