SunREIT buying hypermarkets for RM520mil

SunREIT said its property value will increase to RM9.69bil upon completion of the proposed acquisition (from RM9.1bil as at Dec 31, 2022) and cement its position as the second-largest listed REIT in Malaysia.

PETALING JAYA: Sunway Real Estate Investment Trust (SunREIT) is acquiring six hypermarkets, five within the Klang Valley and one in Johor, for RM520mil.

In a statement yesterday, SunREIT said the hypermarkets are located in Kinrara, Putra Heights, USJ, Klang, Ulu Kelang and Plentong.