Sunway REIT acquires Kluang Mall for RM158mil

KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) has entered into a conditional sale and purchase agreement (SPA) with Tenaga Nusantara Sdn Bhd to acquire Kluang Mall located in Kluang, Johor for RM158mil.

In a statement, Sunway REIT said the property serves over 320,000 residents in the Kluang district and attracts a potential market of around one million people in central Johor, including Batu Pahat, Ayer Hitam, Kulai, and Mersing.