PETALING JAYA: Sunway REIT Management Sdn Bhd (SunREIT) is looking at doubling its assets base from RM3.78 billion in five to seven years.
Its CEO Datuk Jeffrey Ng said the REIT managers has a medium- to long-term horizon on its investments, and might acquire foreign PROPERTIES [] to be injected into its REIT in the future.
"However, the REIT will focus on Malaysian properties for the time being, and our choice of properties will be in the retail and hospitality sector," he told reporters on Tuesday, June 15 at a press conference after SunREIT's prospectus launch.
Ng also did not discount the possibility of having a dual-listing for SunREIT but he said it would not be an immediate decision as the board would have to look at the proposal.
SunREIT aims to raise RM1.65 billion out of its listing exercise, making it the largest IPO this year to date and biggest REIT ever listed on the Bursa Malaysia Securities.
Its CEO Datuk Jeffrey Ng said the REIT managers has a medium- to long-term horizon on its investments, and might acquire foreign PROPERTIES [] to be injected into its REIT in the future.
"However, the REIT will focus on Malaysian properties for the time being, and our choice of properties will be in the retail and hospitality sector," he told reporters on Tuesday, June 15 at a press conference after SunREIT's prospectus launch.
Ng also did not discount the possibility of having a dual-listing for SunREIT but he said it would not be an immediate decision as the board would have to look at the proposal.
SunREIT aims to raise RM1.65 billion out of its listing exercise, making it the largest IPO this year to date and biggest REIT ever listed on the Bursa Malaysia Securities.
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