Sunway REIT to buy industrial property in Bukit Tengah Industrial Park, Penang for RM66.8mil

“This marks Sunway REIT’s second proposed acquisition in 2023 and the third industrial property in Sunway REIT’s asset portfolio.

Situated in Bukit Tengah Industrial Park, the land is next to Juru Auto City.

The property is presently 100 per cent occupied by three established and reputable multinational corporation tenants which will provide Sunway REIT with a resilient rental income stream and solid tenant base.

Sunway REIT owns a diversified portfolio of 19 properties comprising 5 retail properties (including a property designated for re-development into a retail-centric tourist destination), sixhotels, five offices, an education property and two industrial properties, with a combined property value of RM8.86 billion as at Sep 30, 2023.

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