Sun-REIT to focus on retail property

TA Research said that due to evolving market conditions, the REIT is adopting a more flexible approach.

PETALING JAYA: In a recalibration of its Transcend 2027 strategy, Sunway Real Estate Investment Trust (Sun-REIT) is intensifying its focus on retail, the sector where it has historically excelled, while scaling back on other asset classes.

TA Research said after a recent discussion with Sun-REIT’s management, it was revealed that the REIT is making a pivotal shift in this roadmap.