About Sunway REIT
Sunway Real Estate Investment Trust (Sunway REIT) has a diverse portfolio and is one of the largest diversified real estate investment trusts (REITs) in Malaysia that is 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. The market capitalisation of Sunway REIT stood at RM5.2 billion as at 30 June 2018. Sunway REIT is a component of FTSE Bursa Malaysia Mid 70 Index, FTSE4 Good 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 and MSCI Malaysia Small Cap Index.
With an initial portfolio of 8 properties, Sunway REIT has grown to 16 properties comprising 4 retail malls, 6 hotels, 4 offices, a medical centre and an industrial property. The property value has grown by 110% from the initial RM3.46 billion to RM7.28 billion as at 30 June 2018.
The Sponsor, Sunway Berhad (Sunway), is an established and reputable property-construction conglomerate group with a market capitalisation of RM7.6 billion as at 30 June 2018. Sunway is currently trading on the Trading/Services counter on the Main Board of Bursa Malaysia Securities. It accentuates Sunway’s strength as a conglomerate with diverse yet complementary business that are market leaders in their respective industries.
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 & Spa, Sunway Pyramid Hotel, Menara Sunway and Sunway Medical Centre1. In addition to that, the newly acquired asset, Sunway Clio Property is also located within the township.
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 the Penang Island.
Sunway REIT owns 4 properties in Kuala Lumpur, namely, Sunway Tower and the remaining 3 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 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.
1 Refers to Sunway Medical Centre (Tower A & B) which is owned by Sunway REIT.
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 fund raising 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