Sunway Real Estate Investment Trust, a Malaysian owner and operator of shopping malls and other commercial real estate, has started pre-marketing for an initial public offering that seeks to raise about $500 million. If successful, it will be the largest Reit in Malaysia in terms of asset value and the largest IPO in Malaysia this year.
While stockmarkets around the world remain volatile and quick to react to every bit of bad news, sources say this is not a bad time to launch a Reit, given the defensive qualities of the sector, including steady dividends and the fact that they are only allowed to own finished income-yielding properties. Within the Asia-Pacific region, Malaysia is also...
¬ Haymarket Media Limited. All rights reserved.
