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INTEGRATED ANNUAL REPORT 2023

Sunway REIT’s Integrated Annual Report (IAR) for the financial year 2023 outlines Sunway REIT’s progress towards achieving its strategic objectives and emphasises its endeavors to generate value for the stakeholders. It illustrates how Sunway REIT’s value creation journey are driven by the six capitals to achieve sustainable outcomes that go beyond financial performance. Sunway REIT has adopted an integrated reporting approach to promote integrated thinking and provide its stakeholders with a more comprehensive, balanced and detailed overview of the business operations and strategies. In line with integrated reporting process, this report communicates Sunway REIT’s approach and progress in delivering sustainable value, managing risks and capitalising on emerging opportunities, with the aim of optimising the value creation process.

Our Investment Case

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Asset 1

Transcend 2027 Roadmap

Financial Performance

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  • 15th Nov 2024

Sunway-REIT posts positive showing

  • 15th Nov 2024

Sunway REIT catat untung bersih sebanyak RM255 juta didorong sumbangan pusat beli-belah Sunway Pyramid,kata MIDF Research

  • 14th Nov 2024

Sunway REIT 3Q net profit dips to RM89.14mil but revenue increases over 9%

Goal 1

Transforming Our Portfolios to Low-Carbon Assets

GOAL 1

Building energy intensity (BEI) should stay below the annual target set for the respective business divisions starting from 2022.
(The business segments should continue to stay below the BEI targets that will be lowered by 4% on a y-o-y basis up till 2030 to align with the IPCC’s target of 45% reduction in carbon emissions by 2030.)
Green Building Index’s BEI baseline minimum (kWh/m2 /year)
Office: 150 Retail: 350 Hotel: 290

At least of 40% of electricity from renewable energy sources by 2030
(5% locally generated, 35% purchased from green sources/solar farms)

40% waste diverted from landfill by 2030

Goal 2

Advocating a Responsible Value Chain

GOAL 2

Achieve and maintain 100% tenant participation in Sunway Green Lease Partnership Programme

Goal 3

Investing in Community Inclusivity

GOAL 3

To reach out and support
1 million beneficiaries

Goal 4

Respecting Ethical Principles

GOAL 4

To achieve and/or maintain MSCI ESG Rating of A and above by 2030

To achieve and maintain FTSE4GOOD Bursa Malaysia ESG rating higher than country average (Malaysia) by 2030

Goal 1

Transforming Our Portfolios to Low-Carbon Assets

GOAL 1

To achieve average 4% reduction of Building Energy Intensity per year from 2021 to 2030.
At least 25% of electricity from renewable energy source by 2030
40% waste diverted from landfill by 2030

Goal 2

Advocating a Responsible Value Chain

GOAL 2

To record measurable reduction in environmental impact from goods and services procured from suppliers

Zero tolerance for procurement of goods and services from suppliers that violate human rights throughout their supply chain processes

Goal 3

Investing in Community Inclusivity

GOAL 3

To reach out and support 1 million beneficiaries by 2030

To support the national Shared Prosperity Vision 2030 in addressing inequalities, wealth
and income disparities by providing support and assistance to the underserved and B40 communities in particular

Goal 4

Respecting Ethical Principles

GOAL 4

Zero tolerance for bribery and corruption

Provide Unitholders With
Exposure To A Diverse
Assets Portfolio

Sunway REIT Management Sdn. Bhd.
(Registration No. 200801005046 (806330-X))

Level 15, Menara Sunway
Jalan Lagoon Timur
Bandar Sunway
47500 Subang Jaya
Selangor Darul Ehsan

about us

Sunway REIT's

Sustainability

Investor Relations

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  • © 2024 Sunway REIT. All Rights Reserved.

Our Investment Case

  • We are one of the leading REITs in Malaysia, with an attractive and diversified portfolio.
  • Our assets are strategically located in master-planned townships with strong pipeline of assets from our Sponsor, Sunway Berhad, to support our continued growth.
  • We advocate proactive capital management strategy to strike a balance between various cost of funding as well as optimising gearing level and maintaining a balanced debt profile.
  • We are backed by a team of strong, experienced and active managers focused on obtaining optimal returns for unitholders – TRANSCEND 2027 Roadmap to strive towards achieving long-term sustainable growth.
  • We uphold the highest standards of corporate governance which is benchmarked against international best practices.
  • We embrace sustainability practices and committed to achieving Net Zero Carbon by 2050.

Sunway REIT Industrial – Prai

Sunway REIT Industrial – Prai is strategically nestled within the Bukit Tengah Industrial Park, immediately adjacent to Juru Auto City, 12-kilometers south-east of Butterworth and 7-kilometers south-west of Bukit Mertajam. Additionally, Sunway REIT Industrial – Prai is located in the vicinity of Sunway REIT’s properties in Penang and is approximately 12-kilometers from both Sunway Carnival Mall and Sunway Hotel Seberang Jaya.

Sunway REIT Industrial – Prai is fully tenanted by three reputable multinational corporations (“MNC”), namely the anchor tenant, Premium Sound Solutions, a Belgian sound products manufacturer, together with a Japanese logistics company and an American information management services company.

Sunway REIT Industrial – Shah Alam 1

Sunway REIT Industrial – Shah Alam 1 (“SRISA 1”) is strategically located within the prime industrial hub of Seksyen 23, Shah Alam, which houses many established international logistics and manufacturing companies.

Easily accessible via three major highways – the Federal Highway, North-South Expressway Central Link (“ELITE”) and Shah Alam Expressway (“KESAS”) – SRISA 1 is approximately 45 minutes away from Kuala Lumpur International Airport (“KLIA”) and Port Klang, the largest container port in Malaysia.

Sunway REIT Industrial – Petaling Jaya 1

Sunway REIT Industrial – Petaling Jaya 1 (“SRIPJ 1”) is a prime freehold industrial asset comprising a double-storey and a five-storey former electronics factory. SRIPJ 1 is easily accessible via major highways and expressways such as the Federal Highway and Lebuhraya Damansara-Puchong (“LDP”).

Nestled among multinational corporations and mixed-use developments, SRIPJ 1 is well-equipped with high-grade facilities to house potential manufacturing activities for immediate operations.

Sunway university & college campus

The Sunway university & college campus is located within the integrated township of Sunway City Kuala Lumpur and comprises academic blocks, hostel apartments, sports facilities and a car park.

Well connected to nearby cities and highly-populated suburbs via an extensive network of roads, expressways and public transportation, the campus hosts Sunway university and Sunway college, both reputable higher learning institutions established in 2004 and 1987, respectively.

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Menara Sunway

Menara Sunway is a 19-storey office building in Sunway City that serves as the headquarters of the Sunway Group. Consisting of a main tower and an annexe, Menara Sunway offers a unique integrated environment where tenants and employees can make good use of the convention centre, medical centre, hospitality, leisure and retail options within the township.

Surrounded by highly-populated suburbs such as Subang Jaya, Puchong and Petaling Jaya, and easily accessible via five major expressways – the Federal Highway, New Pantai Expressway (“NPE”), Shah Alam Expressway (“KESAS”), Damansara-Puchong Expressway (“LDP”) and New Klang Valley Expressway (“NKVE”) – Menara Sunway is a preferred office location due to the shorter travel time compared to commuting to the city centre.

Sunway Pinnacle

Sunway Pinnacle is a 24-storey Grade A office building within the integrated township of Sunway City Kuala Lumpur, offering convenient access to the convention centre as well as a wide range of hospitality, leisure, healthcare, education and retail options.

As a green-certified corporate office, Sunway Pinnacle is a new-generation building equipped with environmentally friendly features such as motion-sensor lighting and rainwater harvesting for landscape irrigation. Sunway Pinnacle is also an MSC status building that offers high-speed internet connection and 24/7 technical support for tenants, proudly serving many international corporations and businesses that call it home.

Sunway Putra Tower

Sunway Putra Tower is an office tower that forms part of an integrated mixed-used development with Sunway Putra Mall and Sunway Putra Hotel. Strategically located next to the World Trade Centre Kuala Lumpur, Sunway Putra Tower is easily accessible via major highways and well served by public transportation such as the LRT, KTM and RapidKL.

Government agencies, financial institutions and professional firms occupy a substantial percentage of its NLA.

Sunway Tower

Sunway Tower is a 33-storey prime office building strategically located at the intersection between Jalan Sultan Ismail and Jalan Ampang in Kuala Lumpur, which is also famously known as the Golden Triangle.

In close proximity to the landmark Petronas Twin Towers and Kuala Lumpur Convention Centre, Sunway Tower offers excellent connectivity with convenient access to the adjacent Dang Wangi LRT station, Bukit Nanas monorail station and the Ampang-Kuala Lumpur Elevated Highway (“AKLEH”), which links to major expressways and ring roads within and around the Klang Valley, making it a prime business address in Kuala Lumpur.

Wisma Sunway

Wisma Sunway is a stratified 19-storey office building located in the vibrant Seksyen 9, Shah Alam, the state government precinct of Selangor. Conveniently located beside the Concorde Hotel and Plaza Shah Alam, it is easily accessible via the Federal Highway and New Klang Valley Expressway (“NKVE”).

Wisma Sunway is currently fully occupied by government agencies comprising the majority of its tenants.

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Sunway Resort Hotel

Sunway Resort Hotel is the flagship five-star hotel located at the core of Sunway City. One of the most iconic hotels in Klang Valley, it is part of a central cluster of three hotels, a large convention centre, a landmark shopping mall, a medical centre and a popular theme park in the 800-acre integrated township, just minutes away from the capital city of Kuala Lumpur.

Upon the completion of phased refurbishment works, Sunway Resort Hotel reopened with 460 guest rooms, suites and pool villas with commanding scenic views of the theme park and the resort city skyline. Well-equipped with modern conveniences and amenities, the hotel is the preferred choice for business, leisure and medical travellers.

Sunway Pyramid Hotel

Sunway Pyramid Hotel forms part of the cluster of hotels in Sunway City, and is well connected to surrounding attractions and landmarks such as Sunway Lagoon theme park and Sunway Pyramid Mall. The four-star hotel offers 564 rooms, including Family Rooms and Suites purpose-built to accommodate the increasing number of family and leisure guests.

Guest rooms and suites in Sunway Pyramid Hotel are equipped with technology-enhanced features and amenities such as complimentary Wi-Fi, smart lighting, bedside USB charger outlets, high-pressure walk-in showers and LED Smart TVs with satellite news, sports and movie channels./p>

Sunway Lagoon Hotel

Sunway Lagoon Hotel forms part of the cluster of hotels in Sunway City. Located on the west side of the iconic Sunway Pyramid Mall, the four-star hotel features 401 guest rooms equipped with technology-enhanced amenities such as complimentary Wi-Fi and wired broadband internet access, USB charger outlets, LED Smart TVs with satellite news, sports and movie channels, flexible workspaces, high-pressure walk-in rain showers and in-room electronic safe boxes.

Sunway Lagoon Hotel provides the right balance between work and play. The hotel has five fully-equipped function rooms and a host of other facilities, including the Café West, the hotel’s all-day dining restaurant, in-room dining services, a fitness centre and an outdoor swimming pool.

Sunway Putra Hotel

Sunway Putra Hotel is integrated with Sunway Putra Mall and Sunway Putra Tower in a mixed-use development opposite the World Trade Centre Kuala Lumpur within the city’s main commercial district. The hotel is connected via covered pedestrian walkways to nearby LRT and KTM stations, easily accessible and convenient for corporate and leisure travellers.

The five-star hotel features six room types – Superior, Deluxe, Classic Suites, Family Suite, Executive Suite and Premier Suite – all tastefully designed with contemporary furnishings and complemented by amenities such as complimentary Wi-Fi, LED Smart TV, electronic safe, mini fridge and coffee and tea-making facilities.

Sunway Putra Hotel also offers 15 state-of-the-art column-free function rooms, including event venues on level 34 and level 35, the uppermost floors of the hotel, boasting the most panoramic views of the capital city. The hotel’s Grand Ballroom accommodates up to 1,200 persons in  a theatre-style setting and 600 persons in banquet-style seating, ideal for prestigious celebrations and events.

The hotel’s food and beverage offerings include the Coffee House, an all-day dining restaurant that serves local and international à la carte and buffet options, as well as the Atrium Lounge that serves signature Afternoon Tea with a wide selection of coffees, cakes and pastries.

Sunway Hotel Georgetown

Sunway Hotel Georgetown is a 250-room, four-star hotel at the heart of Georgetown, Penang, a renowned UNESCO World Heritage site where traditional charm meets modernity. Located just 30 minutes from Penang International Airport and 20 minutes from the iconic Penang Bridge and Ferry Terminal, the hotel caters to corporate and leisure travellers, offering convenient access to a confluence of tourist attractions and commercial districts that are within walking distance of the hotel.

Sunway Hotel Georgetown’s choice of comfortable and spacious accommodation includes Deluxe, Family Rooms and Suites with commanding views of the city and island skyline, especially for guests staying on the uppermost floors of the hotel. After a long day of sightseeing, guests can also unwind at the outdoor swimming pool and jacuzzi or work out at the 24-hour fitness centre after an enjoyable night of local street food.

Sunway Hotel Seberang Jaya

Strategically located in the Seberang Jaya town centre at the intersection between the North-South Expressway and the East-West Highway, Sunway Hotel Seberang Jaya is conveniently accessible via a 40-minute drive from the iconic Penang Bridge and Penang International Airport.

Located amid a vibrant hub of entertainment, leisure and a medical centre, along with shopping options at the newly expanded Sunway Carnival Mall, it is perfect for holidaymakers, corporate travellers and medical tourists seeking easy access to Mainland Penang’s bustling commercial and industrial zones.

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Sunway Pyramid Mall

Since opening its doors in 1997, Sunway Pyramid Mall, Malaysia’s first themed shopping and lifestyle destination, has undergone a magnificent transformation to herald a new shopping empire that boasts more than four million sq.ft. in gross floor area.

Integrated with attractions and amenities, Sunway Pyramid Mall is a crown jewel that serves all, providing a unique shopping adventure for visitors from around the world with a 360º immersive retail experience offering a diverse selection of fashion, accessories, shoes, jewellery, timepieces, music, gifts, souvenirs, leather goods, books, pharmacies, electrical appliances, home furnishing, wellness and IT products.

Sunway Putra Mall

Sunway Putra Mall, a self-sustained integrated development at the heart of the Diamond Triangle, is one of the most vibrant business hubs and residential districts in downtown Kuala Lumpur. An iconic landmark with more than three decades of history, the complex was extensively refurbished and reopened in 2015 with a completely new modern architectural design and a revamped interior layout.

Connected to nearby LRT and KTM stations via covered pedestrian walkways, the mall enjoys superb access and connectivity, hosting local and international brands across nine levels of retail podiums. From stylish fashion to designer apparel, gastronomic feasts to local fare, and cinematic entertainment to relaxing wellness, Sunway Putra Mall provides a diverse range of offerings for surrounding residents and tourists to enjoy.

Sunway Carnival Mall

Sunway Carnival Mall is a stylish four-storey shopping mall strategically located at the heart of Seberang Jaya, Penang – a well-integrated township initiated by the government to boost the administrative, residential, commercial and industrial sectors of Malaysia’s northern region.

The mall opened in June 2007 and is one of Mainland Penang’s largest and most popular retail havens, welcoming eight million visitors annually. With its enhanced offerings and all-inclusive amenities, shoppers can truly indulge in a wholesome range of offerings, from fashion boutiques and restaurants to a cineplex and a fitness centre.

Sunway 163 Mall

Sunway 163 Mall is a stratified seven-storey boulevard retail mall and is the centerpiece component of a mixed integrated development known as Kiara 163. In fulfilling the diverse needs of the surrounding community, the retail mall is anchored by Jaya Grocer, an established premium grocer, and supplemented by a diverse range of food and beverages (“F&B”) outlets, as well as lifestyle and entertainment offerings such as health and beauty services, a cinema, an ice-skating rink and many more

Sunway 163 Mall is centrally situated within the heart of the residential enclave of Mont’ Kiara, a prime residential area for expatriates and upper-middle-class families. Additionally, Mont’ Kiara is 11-kilometres from Kuala Lumpur City Centre and easily accessible via several highways, including Sprint Expressway and Duta-Ulu Kelang Expressway (“DUKE”).

Sunway REIT Hypermarket – Plentong

Sunway REIT Hypermarket - Plentong is located within Plentong which is sited off the north-eastern side of the Pasir Gudang Highway travelling from Perling towards Pasir Gudang, Johor. The property is approximately 16km from Johor Bahru City Centre and easily accessible via well-connected highways such as Eastern Dispersal Link and Pasir Gudang Highway.

Sunway REIT Hypermarket – Ulu Kelang

Sunway REIT Hypermarket - Ulu Kelang is located within the residential township of Taman Permata, which is sited off the southern side of the Kuala Lumpur Middle Ring Road 2 (“MRR2”), travelling from Ampang to Taman Melati. The property is easily accessible via well-connected highways such as the MRR2 and is well served by public transportation such as taxi stands and bus stations which are located within close vicinity of property.

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