Tuesday 9 October 2012

Sunway REIT buys Sunway Medical Centre for RM310m

By Kamarul Anwar of theedgeproperty.com
Tuesday, 09 October 2012 15:29

KUALA LUMPUR (Oct 9): CEO of Sunway REIT Datuk Jeffrey Ng on Tuesday announced the group is entering a sale and purchase agreement with Sunway Medical Centre Bhd to acquire the land and building of Sunway Medical Centre for RM310 million.

The acquisition will boost Sunway REIT’s total appraised asset value to RM4.94 billion, the largest among Malaysian real estate investment trust (REIT) companies, he said.

The Sunway Medical Centre’s acquisition process should be completed within the first quarter of 2013, Ng said at a press conference.

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