About Sunway REIT
Sunway Real Estate Investment Trust (Sunway REIT) is one of the largest retail-focused1 real estate investment trust (REIT) in Malaysia with a diverse portfolio strategically located across award winning integrated townships in key locations in Greater Kuala Lumpur, Penang and Perak.
With an initial market capitalisation of RM2.7 billion, Sunway REIT was listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 8 July 2010. The market capitalization of Sunway REIT stood at RM5.0 billion as at 31 May 2017. Sunway REIT is a component of FTSE EPRA / NAREIT Global REIT Index, FTSE EPRA / NAREIT Global Index, FTSE EPRA / NAREIT Asia ex Japan Index, FTSE EPRA / NAREIT Asia Pacific Index and FTSE EPRA / NAREIT Emerging REIT Index. Sunway REIT owns a portfolio of 14 assets comprising 4 retail malls, 5 hotels, 4 offices and a medical centre. Property value stood at RM6.43 billion as at 30 June 2016.
With an initial portfolio of 8 assets, Sunway REIT has grown to 15 assets comprising 4 retail malls, 5 hotels, 4 offices, a medical centre and an industrial property. Asset under management (AUM) has grown by 72% from an initial RM3.73 billion to RM6.43 billion as at 30 June 2016.
The Sponsor, Sunway Berhad (Sunway), is an established and reputable property-construction conglomerate group with a market capitalization of RM6.1 billion as at 31 October 2016. Sunway is among the top 5 largest property stocks and top 100 stocks listed on the Bursa Malaysia. Through a distinctive integrated property business model, Sunway offers a wholesome property value chain, from landbanking to masterplan property development and property investment.
Sunway REIT’s assets are primarily located in Sunway City, Selangor, Malaysia’s first Green Building Index (GBI) certified sustainable integrated township masterplanned and developed by the Sponsor. The assets located in Sunway City are Sunway Pyramid Shopping Mall, Sunway Resort Hotel and Spa, Sunway Pyramid Hotel (formerly known as Pyramid Tower Hotel), Menara Sunway and Sunway Medical Centre. 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 four properties in Kuala Lumpur, namely, Sunway Tower and the remaining three which constitute part of the 3-in-1 integrated development, Sunway Putra (Formerly known as Sunway Putra Place). Sunway Putra consists of Sunway Putra Mall, Sunway Putra Hotel and Sunway Putra Tower.
Sunway REIT’s key investment objective is to provide unitholders with exposure to a diverse portfolio of authorized investments that will provide stable cash distributions with the potential for sustainable growth in net asset value per unit.
1 Retail-focused is define as at least 60% contribution from the retail assets to property value, revenue or net property income.
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: RM6.52bn