TA Research said upon completion of the proposed acquisition, Sunway REIT’s assets under management will reach RM8.9bil.
PETALING JAYA: Sunway Real Estate Investment Trust
’s (Sunway-REIT) proposal to buy its third industrial property in Bukit Tengah Industrial Park in Prai, Penang, will not only be yield-accretive, but will also expand its asset portfolio.
Analysts are positive on the deal as the industrial property is projected to generate an initial net property income (NPI) yield of 7.6%.
