163 Retail Park rebranded

KUALA LUMPUR: Sunway REIT Management Sdn Bhd, the manager of Sunway Real Estate Investment Trust (Sunway REIT), says the acquisition of 163 Retail Park for RM215 million has been completed and rebranded as Sunway 163 Mall. The seven-storey Sunway 163 in Mont’ Kiara here, is 99 per cent occupied, with over 100 tenants and brands. The mall is expected to be yield-accretive to Sunway REIT’s portfolio with an estimated net property income yield of 6.5 per cent.