Analysts positive on Sunway REIT's acquisition of Kluang Mall

KUALA LUMPUR: Analysts are positive on Sunway Real Estate Investment Trust’s (Sunway REIT) acquisition of Kluang Mall located in Kluang, Johor for RM158mil.

“We view the asset acquisition positively as it will allow Sunway REIT to expand its retail asset footprint to central of Johor which is a state with an improving property outlook,” MIDF Research said.