About Sunway REIT
Sunway Real Estate Investment Trust (Sunway REIT) has a distinctive portfolio and is one of the largest diversified real estate investment trusts (REITs) in Malaysia with assets that are strategically located across award-winning integrated townships in key locations within Klang Valley, Penang and Perak.
Sunway REIT was listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 8 July 2010 with an initial market capitalisation of RM2.4 billion. As at 30 June 2020, the market capitalisation of Sunway REIT stood at RM4.8 billion. Sunway REIT is a component of FTSE Bursa Malaysia Top 100 Index, FTSE Bursa Malaysia Mid 70 Index, FTSE Bursa Malaysia Emas Index, FTSE ASEAN All-Share ex Developed Index, FTSE ASEAN All-Share Index, FTSE4Good Bursa Malaysia Index, Bursa Malaysia REIT Index, FTSE EPRA/NAREIT Global REIT Index, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Asia ex Japan Index, FTSE EPRA/NAREIT Asia Pacific Index, FTSE EPRA/NAREIT Emerging REIT Index, MSCI Malaysia Small Cap Index and GPR APREA Composite REIT Index – Malaysia.
From an initial portfolio of 8 assets, Sunway REIT has grown to 17 assets comprising 4 retail malls, 6 hotels, 4 offices, a medical centre, an education asset and an industrial property. The property value has grown by more than 100% from the initial RM3.46 billion to RM8.04 billion as at 30 June 2020. The Sponsor, Sunway Berhad (Sunway), is an established and reputable conglomerate group with a market capitalisation of RM6.71 billion as at 30 June 2020. Sunway has been reclassified from the Trading/Services sector to the Industrial Products & Services sector, pursuant to Bursa Malaysia Securities’ revamp of the sectorial classification for companies listed on the Main Market. Sunway REIT’s assets are primarily located in Sunway City, Selangor, Malaysia’s first Green Building Index (GBI) certified sustainable integrated township master-planned and developed by the Sponsor. The assets located in Sunway City are Sunway Pyramid Shopping Mall, Sunway Resort Hotel, Sunway Pyramid Hotel, Sunway Clio Property, Menara Sunway, Sunway Medical Centre (Tower A & B) and Sunway university & college campus.
In FY2019, Sunway REIT made its maiden acquisition of an education asset, Sunway university & college campus, which is in line with the trust’s new growth strategy and investment in emerging markets. Sunway university & college campus is located within the integrated township of Sunway City and is a leading not-for-profit private university with state-of-the-art teaching and research facilities.
The success of Sunway City is replicated in Sunway City Ipoh, Perak; the first integrated township in Southeast Asia with five FIABCI accolades, where SunCity Ipoh Hypermarket is located. On the mainland of Penang, Sunway REIT owns Sunway Carnival Shopping Mall and Sunway Hotel Seberang Jaya. In FY2015, Sunway REIT added two assets into the portfolio, namely Wisma Sunway in Shah Alam, Selangor and Sunway Hotel Georgetown, marking our maiden foray into Penang Island.
Sunway REIT owns four properties in Kuala Lumpur, namely, Sunway Tower and the remaining three which constitute part of the 3-in-1 integrated development, Sunway Putra, consisting of Sunway Putra Mall, Sunway Putra Hotel and Sunway Putra Tower.
In the Industrial & Others segment, Sunway REIT owns Sunway REIT Industrial – Shah Alam 1 in Section 23, Shah Alam, Selangor, which is a prime industrial hub, that is predominantly occupied by established multinational logistics and manufacturing companies.
Sunway REIT’s key investment objective is to provide unitholders with exposure to a diverse portfolio of authorised investments that will provide stable cash distributions with the potential for sustainable growth in net asset value per unit.
Initial Public Offerings
Initial assets portfolio of 8 assets
Property Appraised Value: RM3.73bn
Acquisition of Sunway Putra for RM514million
Property Appraised Value: RM4.30bn
Acquisition of Sunway Medical Centre for RM310million
Property Appraised Value: RM4.96bn
Equity fundraising amounted to approximately RM320 million to find the acquisition of Sunway Medical Centre and to defray related expenses.
Acquisition of Sunway Hotel Georgetown and Wisma Sunway for RM134million
Property Appraised Value: RM5.69bn
- Inclusion in the FTSE4Good Bursa Malaysia Index
- Acquisition of 3.3 acres of commercial land in Seberang Jaya for RM17.2 million as part of the expansion of Sunway Carnival Shopping Mall
Property Appraised Value: RM6.43bn
Property Appraised Value: RM6.79bn
Property Appraised Value: RM7.13bn
Property Appraised Value: 7.92 bn