REIT to buy Sunway Clio Prop­erty

New Straits Times - - Business -

Sunway Real Es­tate In­vest­ment Trust (Sunway REIT) is ac­quir­ing Sunway Clio Prop­erty for RM340 mil­lion. Sunway REIT Man­age­ment, the man­ager of the REIT, said RHB Trustees Bhd had en­tered into a con­di­tional sale and pur­chase agree­ment with Sunway Fo­rum Ho­tel, a wholly-owned sub­sidiary of Sunway Bhd for the ac­qui­si­tion. Sunway Clio con­sists of a 19-storey fourstar rated ho­tel with 401 ho­tel rooms known as Sunway Clio Ho­tel, a three-storey re­tail space with net let­table area of 88,384 sq ft and a car park with 732 bays.

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