Sunway REIT to buy industrial property for RM60mil

The Star Business LogoThe Star Business1w ago

Sunway REIT to buy industrial property for RM60mil

Quick Summary

KUALA LUMPUR: Sunway REIT Management Sdn Bhd, the manager of Sunway Real Estate Investment Trust (Sunway REIT) has proposed to acquire two contiguous parcels of land together with the existing buildings erected thereon in Petaling Jaya for RM60.05mil.

Telcos 22h ago Axiata, XL Axiata complete acquisition of 66.

The post-acquisition gearing is considerably below the statutory gearing limit permissible by the Guidelines on Listed Real Estate Investment Trusts by the Securities Commission.

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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Corporate News Acquisition Sunway REIT Industrial property Jeffrey Ng /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 18:12:00

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 2 minutes read

Article Length: 287 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 5725

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website:

Update Frequency: 18 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1d ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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