PETALING JAYA: Sunway Real Estate Investment Trust
(Sunway REIT) has proposed to dispose of three parcels of leasehold land in Bandar Sunway, Selangor, for RM613mil cash.
In a filing with Bursa Malaysia, the REIT — via its trustee RHB Trustees Bhd — said it had entered into a conditional sale and purchase agreement with Sunway College (KL), a wholly owned subsidiary of Sunway Education Group Sdn Bhd.
The transaction also includes the disposal of several buildings and four sports facilities located on the land.
Upon completion, Sunway REIT is expected to record a disposal gain of RM21mil in the financial year ending Dec 31, 2025 (FY25).
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