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Monday, January 28, 2008

SunCity To Launch RM3.7bil REIT

SunCity Bhd is on track to list the country’s first integrated resort real estate investment trust (REIT) this year but is still undecided between Malaysia and Singapore. Among the assets to be injected are the Sunway Pyramid Mall and its annexe- totaling 1.7million sq.ft of net lettable space; the 4.8 ha Monash University campus, Sunway Unversity College, Sunway Carnival Mall in Penang and Tambun Hypermarket in Ipoh.


(18-1-2008 The Star)

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