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INTEGRATED ANNUAL REPORT 2022

We have persevered over the past three years, adjusting and reorienting our strategies while strengthening our resilience amid the pandemic. This year, we are pleased to have successfully regained our foothold. With renewed vigour and confidence in facing the post-pandemic era, Sunway REIT is propelling forward, gaining traction day by day in the implementation of our TRANSCEND 2027 strategy. We have taken steps towards diversifying our business in support of our Key Growth Strategies, making full use of opportunities on our journey to become a strong and agile organisation. We will continue to cultivate growth in all that we do while building a sustainable future for all our stakeholders.

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Our Investment Case

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Asset 1

Transcend 2027 Roadmap

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Financial Performance

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  • 19th Aug 2023

Sunway REIT, Higher Electricity And Financial Costs Mitigated Earnings For 1H

  • 18th Aug 2023

SunREIT to sustain earnings growth in FY23

  • 18th Aug 2023

Pendapatan jangka panjang Sunway REIT dijangka positif

Goal 1

Transforming Our Portfolios to Low-Carbon Assets

GOAL 1

Building energy intensity (BEI) should stay below the annual target set for the respective business divisions starting from 2022.
(The business segments should continue to stay below the BEI targets that will be lowered by 4% on a y-o-y basis up till 2030 to align with the IPCC’s target of 45% reduction in carbon emissions by 2030.)
Green Building Index’s BEI baseline minimum (kWh/m2 /year)
Office: 150 Retail: 350 Hotel: 290

At least of 40% of electricity from renewable energy sources by 2030
(5% locally generated, 35% purchased from green sources/solar farms)

40% waste diverted from landfill by 2030

Goal 2

Advocating a Responsible Value Chain

GOAL 2

Achieve and maintain 100% tenant participation in Sunway Green Lease Partnership Programme

Goal 3

Investing in Community Inclusivity

GOAL 3

To reach out and support
1 million beneficiaries

Goal 4

Respecting Ethical Principles

GOAL 4

To achieve and/or maintain MSCI ESG Rating of A and above by 2030

To achieve and maintain FTSE4GOOD Bursa Malaysia ESG rating higher than country average (Malaysia) by 2030

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Goal 1

Transforming Our Portfolios to Low-Carbon Assets

GOAL 1

To achieve average 4% reduction of Building Energy Intensity per year from 2021 to 2030.
At least 25% of electricity from renewable energy source by 2030
40% waste diverted from landfill by 2030

Goal 2

Advocating a Responsible Value Chain

GOAL 2

To record measurable reduction in environmental impact from goods and services procured from suppliers

Zero tolerance for procurement of goods and services from suppliers that violate human rights throughout their supply chain processes

Goal 3

Investing in Community Inclusivity

GOAL 3

To reach out and support 1 million beneficiaries by 2030

To support the national Shared Prosperity Vision 2030 in addressing inequalities, wealth
and income disparities by providing support and assistance to the underserved and B40 communities in particular

Goal 4

Respecting Ethical Principles

GOAL 4

Zero tolerance for bribery and corruption

Provide Unitholders With
Exposure To A Diverse
Assets Portfolio

Sunway REIT Management Sdn. Bhd.
(Registration No. 200801005046 (806330-X))

Level 15, Menara Sunway
Jalan Lagoon Timur
Bandar Sunway
47500 Subang Jaya
Selangor Darul Ehsan

about us

Sunway REIT's

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  • © 2023 Sunway REIT. All Rights Reserved.
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Our Investment Case

  • We are one of the leading REITs in Malaysia, with an attractive and diversified portfolio.
  • Our assets are strategically located in master-planned townships with strong pipeline of assets from our Sponsor, Sunway Berhad, to support our continued growth.
  • We advocate proactive capital management strategy to strike a balance between various cost of funding as well as optimising gearing level and maintaining a balanced debt profile.
  • We are backed by a team of strong, experienced and active managers focused on obtaining optimal returns for unitholders – TRANSCEND 2027 Roadmap to strive towards achieving long-term sustainable growth.
  • We uphold the highest standards of corporate governance which is benchmarked against international best practices.
  • We embrace sustainability practices and committed to achieving Net Zero Carbon by 2050.

Sunway REIT Industrial – Shah Alam 1

Sunway REIT Industrial – Shah Alam 1 (SRISA 1) is strategically located within the prime industrial hub of Section 23, Shah Alam, which houses many established international logistics and manufacturing companies.

Easily accessible via three major highways – the Federal Highway, North-South Expressway Central Link (ELITE) and Shah Alam Expressway (KESAS) – SRISA 1 is approximately 45 minutes away from Kuala Lumpur International Airport (KLIA) and Port Klang, the largest container port in Malaysia and the 12th busiest in the world.

SRISA 1 is leased to DCH Contract Manufacturing Sdn Bhd, part of a reputable group of companies listed on the Hong Kong Stock Exchange. The lessee offers end to-end solutions for fast-moving consumer goods (FMCG) companies, ranging from product development and manufacturing to warehousing and distribution services.

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Sunway REIT Industrial – Petaling Jaya 1

Sunway REIT Industrial – Petaling Jaya 1 (SRIPJ 1) is a prime freehold industrial asset comprising a double-storey and a five-storey former electronics factory, strategically located in the Sungai Way Free Industrial Zone (FIZ). SRIPJ 1 is easily accessible via major highways and expressways such as the Federal Highway and Lebuhraya Damansara-Puchong (LDP).

Nestled amidst multinational corporations and mixed-use developments, SRIPJ 1 is well equipped with high-grade facilities to house potential manufacturing activities for immediate operations.

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Sunway university & college campus

The Sunway university & college campus is located within the integrated township of Sunway City and comprises academic blocks, hostel apartments, sports facilities and a car park.

Well connected to nearby cities and highly-populated suburbs via an extensive network of roads, expressways and public transportation, the campus hosts Sunway university and Sunway college, both reputable higher learning institutions established since 2004 and 1987, respectively.

Offering a wide range of courses from diploma to postgraduate studies, Sunway university is one of Malaysia’s leading and internationally recognised private universities, ranking well in the QS World University Rankings with an overall 5 stars in the QS University Ratings. Sunway university was also awarded Premier Digital Tech University status by the Malaysian Digital Economy Corporation (MDEC). In recognition of the university’s commitment to sustainability, Sunway university was recognised as the highest-ranked private university in Malaysia in the Times Higher Education Impact Rankings for the second consecutive year in 2022. Aside from the overall ranking, Sunway university is also in the world’s top 200 for SDG 6: Clean Water and Sanitation, SDG 8: Decent Work and Economic Growth and SDG 17: Partnership for the Goals.

For over 30 years, Sunway college has propelled more than 60,000 students to the university of their choice, offering pre-university programmes such as the Cambridge GCE A-Levels, Australian Matriculation, Canadian International Matriculation and Monash University Foundation Year. As a leading learning institution in Malaysia, Sunway College received 6 stars in the Malaysian Quality Evaluation System for Private Colleges (MyQuest) 2018/2019 for its student profile, programme and graduate recognition, quality of resources and soundness of governance.

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Menara Sunway

Menara Sunway is a 19-storey office building in Sunway City that serves as the headquarters of the Sunway Group, occupying close to 75% of its net lettable area. Consisting of a main tower and an annexe, Menara Sunway offers a unique integrated environment where tenants and employees can make good use of the convention centre and medical centre and hospitality, leisure and retail options within the township.

Surrounded by highly-populated suburbs such as Subang Jaya, Puchong and Petaling Jaya, and easily accessible via five major expressways – the Federal Highway, New Pantai Expressway (NPE), Shah Alam Expressway (KESAS), Damansara-Puchong Expressway (LDP) and New Klang Valley Expressway (NKVE) – Menara Sunway is a preferred office location due to the shorter travel time compared to commuting to the city centre.

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Sunway Pinnacle

Sunway Pinnacle is a 24-storey Grade A office building within the integrated township of Sunway City, offering convenient access to the convention centre as well as a wide range of hospitality, leisure, healthcare, education and retail options.

As a Green Building Index (GBI)-certified corporate office, Sunway Pinnacle is a new-generation building equipped with environmentally friendly features such as motion-sensor lighting and rainwater harvesting for landscape irrigation. Sunway Pinnacle is also a MSC status building that offers high-speed internet connection and 24/7 technical support for tenants, proudly serving many international corporations and businesses that call it home.

Surrounded by highly-populated suburbs such as Subang Jaya, Puchong and Petaling Jaya, and easily accessible via five major expressways – the Federal Highway, New Pantai Expressway (NPE), Shah Alam Expressway (KESAS), Damansara-Puchong Expressway (LDP) and New Klang Valley Expressway (NKVE) – Sunway Pinnacle is the preferred choice for companies to set up their regional headquarters in Malaysia.

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Sunway Putra Tower

Sunway Putra Tower is an office tower that forms part of an integrated mixed-used development with Sunway Putra Mall and Sunway Putra Hotel. Strategically located next to the World Trade Centre Kuala Lumpur, Sunway Putra Tower is easily accessible via major highways and well served by public transportation such as the LRT, KTM and RapidKL.

Government agencies, financial institutions and professional firms occupy a substantial percentage of the NLA.

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Sunway Tower

Sunway Tower is a 33-storey prime office building strategically located at the intersection between Jalan Sultan Ismail and Jalan Ampang in Kuala Lumpur, which is also famously known as the Golden Triangle.

In close proximity to the landmark Petronas Twin Towers and Kuala Lumpur Convention Centre, Sunway Tower offers excellent connectivity with convenient access to the adjacent Dang Wangi LRT station, Bukit Nanas monorail station and the Ampang-Kuala Lumpur Elevated Highway (AKLEH), which links to major expressways and ring roads within and around the Klang Valley, making it a prime business address in Kuala Lumpur.

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Wisma Sunway

Wisma Sunway is a stratified 19-storey office building located in the vibrant Section 9, Shah Alam, the state government precinct of Selangor. Conveniently located beside the Concorde Hotel and Plaza Shah Alam, it is easily accessible via the Federal Highway and New Klang Valley Expressway (NKVE).

Wisma Sunway is currently fully occupied with government agencies comprising the majority of tenants.

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Sunway Resort Hotel

Sunway Resort Hotel is our flagship five-star hotel located at the core of Sunway City. One of the most iconic hotels in Klang Valley, it is part of a central cluster of three hotels, a large convention centre, a landmark shopping mall, a medical centre and a popular theme park in the 800-acre integrated township, just minutes away from the capital city of Kuala Lumpur.

Upon the completion of phased refurbishment works, Sunway Resort Hotel reopened progressively in 2022 with 460 guest rooms, suites and pool villas with commanding scenic views of the theme park and the resort city skyline.

Well-equipped with modern conveniences and amenities, the hotel is the preferred choice for business, leisure and medical travellers. For meetings, incentives, conferences and exhibitions (MICE), the hotel is integrated with more than 360,000 sq. m. of world-class event space, over 60 meeting and function rooms, a Grand Ballroom and the massive Sunway Pyramid Convention Centre, elevating Sunway Resort Hotel into one of the most versatile event venues in Malaysia.

Sustainability is emphasised in the hotel’s refurbishment, and many of the high-tech upgrades, such as advanced air-conditioning systems, solar panels and motion-sensor LED lighting, will further improve its energy efficiency. The hotel will also feature an urban hydroponic farm run by Sunway XFarms, which will supply healthy, fresh produce to the hotel’s restaurants.

Sunway Resort Hotel proudly hosts the Gordon Ramsay Bar & Grill - the world renowned, multi-Michelin-starred chef’s first-ever restaurant in Malaysia, as well as Black Tap Craft Burgers & Shakes, the award-winning New York-based restaurant, making its debut in Malaysia in 2022.Other food and beverage offerings include The Resort Cafe, an all-day dining outlet with a choice selection of local and Western cuisine, as well as the Sunset Terrace – a lively poolside restaurant serving wood-fired pizza and international delicacies in an open kitchen concept to reflect a casual beach vibe. These are further complemented by a wide range of dining options within the hotel and over 190 F&B outlets around Sunway City.

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Sunway Pyramid Hotel

Sunway Pyramid Hotel forms part of the cluster of hotels in Sunway City, and is well-connected to surrounding attractions and landmarks such as Sunway Lagoon theme park and Sunway Pyramid Mall. The four-star hotel offers 564 Deluxe rooms, including Family Rooms and Suites purpose-built to accommodate the increasing number of family and leisure guests.

Guestrooms and suites in Sunway Pyramid Hotel are equipped with technology-enhanced features and amenities such as complimentary Wi-Fi, smart lighting, bedside USB charger outlets, high-pressure walk-in shower and LED Smart TV with satellite news, sports and movie channels.

Additionally, the newly refurbished link bridge (The Link) to Sunway Pyramid Mall completed in December 2021 offers complementary F&B and cuisine options for hotel guests and the public.

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Sunway Lagoon Hotel

Sunway Lagoon Hotel forms part of the cluster of hotels in Sunway City. Located on the west side of the iconic Sunway Pyramid Mall, the four-star hotel features 401 guest rooms equipped with technology-enhanced amenities such as complimentary Wi-Fi and wired broadband internet access, USB charger outlets, LED Smart TVs with satellite news, sports and movie channels, flexible workspaces, high-pressure walk-in rain showers and in-room electronic safe boxes.

Sunway Lagoon Hotel provides the right balance between work and play. The hotel has five fully-equipped function rooms with seating capacities of 20 to 160 persons and a host of other facilities, including the 174-seater Café West, the hotel’s all-day dining restaurant, in-room dining services, a fitness centre and an outdoor swimming pool.

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Sunway Putra Hotel

Sunway Putra Hotel is integrated with Sunway Putra Mall and Sunway Putra Tower in a mixed-use development opposite the World Trade Centre Kuala Lumpur within the city’s main commercial district. The hotel is connected via covered pedestrian walkways to nearby LRT and KTM stations, easily accessible and convenient for corporate and leisure travellers.

The five-star hotel features six room types – Superior, Deluxe, Classic Suites, Family Suite, Executive Suite and Premier Suite – all tastefully designed with contemporary furnishings and complemented by amenities such as complimentary Wi-Fi, LED Smart TV, electronic safe, mini fridge and coffee and tea-making facilities.

Sunway Putra Hotel also offers 15 state-of-the-art column-free function rooms, including event venues on level 34 and level 35, the uppermost floors of the hotel, boasting the most panoramic views of the capital city. The hotel’s Grand Ballroom accommodates up to 1,200 persons in  a theatre-style setting and 600 persons in banquet-style seating, ideal for prestigious celebrations and events.

The hotel’s food and beverage offerings include the Coffee House, an all-day dining restaurant that serves local and international à la carte and buffet options, as well as the Atrium Lounge that serves signature Afternoon Tea with a wide selection of coffees, cakes and pastries.

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Sunway Hotel Georgetown

Sunway Hotel Georgetown is a 250-room four-star hotel at the heart of Georgetown, Penang, a renowned UNESCO World Heritage site where traditional charm meets modernity. Located just 30 minutes from Penang International Airport and 20 minutes from the iconic Penang Bridge and Ferry Terminal, the hotel caters to corporate and leisure travellers, offering convenient access to a confluence of tourist attractions and commercial districts that are within walking distance of the hotel.

Sunway Hotel Georgetown’s choice of comfortable and spacious accommodation includes Deluxe, Family Rooms and Suites with commanding views of the city and island skyline, especially for guests staying on the uppermost floors of the hotel. After a long day of sightseeing, guests can also unwind at the outdoor swimming pool and jacuzzi, or work out at the 24-hour fitness centre after an enjoyable night of local street food.

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Sunway Hotel Seberang Jaya

Strategically located in the Seberang Jaya town centre at the intersection between the North-South Expressway and the EastWest Highway, Sunway Hotel Seberang Jaya is conveniently accessible via a 40-minute drive from the iconic Penang Bridge and Penang International Airport.

Located amid a vibrant hub of entertainment, leisure and a medical centre, along with shopping options at the newly expanded Sunway Carnival Mall, it is perfect for holidaymakers, corporate travellers and medical tourists seeking easy access to Mainland Penang’s bustling commercial and industrial zones.

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Sunway Pyramid Mall

Since opening its doors in 1997, Sunway Pyramid Mall, Malaysia’s first themed shopping and lifestyle destination, has undergone a magnificent transformation to herald a new shopping empire that boasts more than four million sq.ft. in gross floor area.

Inspired by the legends of Ancient Egypt, the iconic Sphinx stands guard at the entrance, flanked by two landmark Grand Domes – the Blue Atrium, vibrant and flowing like the Great River Nile, and the Orange Atrium, radiant and warm as the Sun God ‘Ra’. Hieroglyphs and monumental art embellish the facade and interior of the complex, adding to its curated ambience.

Integrated with attractions and amenities, Sunway Pyramid Mall is a crown jewel that serves all, providing a unique shopping adventure for visitors from around the world with a 360º immersive retail experience complete with approximately 900 specialty outlets offering a diverse selection of fashion, accessories, shoes, jewellery, timepieces, music, gifts, souvenirs, leather goods, books, pharmacies, electrical appliances, home furnishing, wellness and IT products.

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Sunway Putra Mall

Sunway Putra Mall, a self-sustained integrated development at the heart of the Diamond Triangle, is one of the most vibrant business hubs and residential districts in downtown Kuala Lumpur. An iconic landmark with more than three decades of history, the complex was extensively refurbished and reopened in 2015 with a completely new modern architectural design and revamped interior layout.

Connected to nearby LRT and KTM stations via covered pedestrian walkways, the mall enjoys superb access and connectivity, hosting more than 200 local and international brands across nine levels of retail podiums. From stylish fashion to designer apparel, gastronomic feasts to local fare and cinematic entertainment to relaxing wellness, Sunway Putra Mall provides a diverse range of offerings for surrounding residents and tourists to enjoy.

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Sunway Carnival Mall

Sunway Carnival Mall is a stylish four-storey shopping mall strategically located at the heart of Seberang Jaya, Penang – a well-integrated township initiated by the government to boost the administrative, residential, commercial and industrial sector of Malaysia’s northern region.

The mall opened in June 2007 and is one of Mainland Penang’s largest and most popular retail havens, welcoming eight million visitors annually. With approximately 200 specialty stores including regional and international retailers, shoppers can truly indulge in a wholesome range of offerings from fashion boutiques and restaurants to a cineplex and a fitness centre.

In response to growing long-term demand, Sunway Carnival Mall is currently undergoing expansion, which will double its gross floor area (GFA) and add an additional 350,000 sq.ft. of new net lettable area (NLA) upon completion in 2022. This will be followed by the refurbishment of the first phase of the mall, which is expected to further reinforce Sunway Carnival Mall’s position as the leading lifestyle destination in Mainland Penang.

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SunCity Ipoh Hypermarket

SunCity Ipoh Hypermarket opened in 2005 as a single-storey hypermarket master-planned and developed by our Sponsor in collaboration with the Perak State Government. Located strategically in Sunway City Ipoh, a pioneering township in the area with 25 years of rich history, the hypermarket is currently tenanted to TF Value-Mart, an established retail chain operating more than 40 outlets nationwide.

Conveniently linked to the North-South Expressway between Kuala Lumpur and Penang, SunCity Ipoh Hypermarket is expected to be further boosted over the next four years by a substantial increase in planned residential properties, an upcoming medical centre and a mall in Sunway City Ipoh. This follows in the footsteps of the successful flagship Sunway City, with diverse and synergistic offerings such as the Lost World of Tambun theme park, the 174-room Lost World hotel and the luxurious Banjaran Hotsprings Retreat.

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Sunway Pier

Sunway Pier is currently slated for a planned redevelopment to create an international seafront tourist destination with food and beverage (F&B), retail and leisure offerings. Presently, the 18-acre site hosts a four-storey terminal complex building with a jetty head and approach bridge for ferries. We are now finalising the design with our consultants and the authorities while exploring the possibility of ferry services to cater to domestic and international travellers.

This property is easily accessible via the KTM Komuter station, which is just opposite our asset, and also via the existing networks of roads and highways, making it a convenient drive to and from the capital city and the population catchments of Klang Valley.

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About Us

Sunway REITs

Sustainability

  • 2022 Sustainability Statement

Investor Relations

Media Resource

  • © 2023 Sunway REIT. All Rights Reserved.
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