In a statement yesterday, Sunway-REIT’s manager Sunway-REIT Management Sdn Bhd said the proposed acquisition would be fully funded by the trust’s existing debt programme.
KUALA LUMPUR: Sunway Real Estate Investment Trust
’s (Sunway-REIT) trustee, RHB Trustees Bhd has entered into a sale and purchase agreement to acquire two parcels of land together with the existing buildings erected thereon in Sungei Way, Petaling Jaya for RM60.05mil, Bernama reported.
In a statement yesterday, Sunway-REIT’s manager Sunway-REIT Management Sdn Bhd said the proposed acquisition would be fully funded by the trust’s existing debt programme.
“Its gearing ratio is expected to increase from 37.2% as at Dec 31, 2021, to 37.6% upon completion,” it said.
The property sits on a 1.47 ha freehold industrial land, which consists of a double-storey and five-storey buildings.
