Sunway-REIT to acquire Kluang Mall for RM158mil

Sunway-REIT said the property is 99% occupied with over 130 tenants and is anchored by Pacific Hypermarket & Department Store.

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 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.