Sunway REIT’s 4Q income up 22%, declares DPU of 5.34 sen
This marks the highest DPU for Sunway REIT since it was listed on the Main Market in July 2010.
This marks the highest DPU for Sunway REIT since it was listed on the Main Market in July 2010.
The property is 100% leased to supermarket chain operator AEON Co (M) Bhd (KL:AEON), whose lease will last another 13 years until Dec 3, 2037.
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, was down to its lowest in more than three months.
In his new role, Chung will oversee Sunway Property’s overall division, managing both domestic and international operations.
The mall, now rebranded as Sunway Kluang Mall, is nearly fully occupied with over 130 tenants and anchored by Pacific Hypermarket & Department Store.
Datuk Mohd Anuar Taib has more than 30 years’ experience in the oil and gas industry, holding senior management positions in Petroliam Nasional Bhd (Petronas) and Shell Malaysia.
Cheah now holds a combined 54.
As part of the 1,350-acre ongoing Sunway City Ipoh township development, the RM120 million Sunway Bayu comprises 168 townhouses with built-ups ranging from 1,044 sq ft to 1,130 sq ft, and selling from RM620,000, according to the project’s official website.
The contract involves two blocks of 45-storey serviced apartments with nine levels of podium carparks and two levels of facilities, while the landed properties comprise two rows of two-storey super link residential units and a row of three-storey super link residential units.
Sunway 163 is presently 99% occupied, with over 100 tenants and brands with a diverse range of retail offerings, catering to a catchment encompassing Mont’ Kiara, Hartamas and Segambut.