Malaysia's Sunway Reit starts IPO marketing

The commercial-property Reit is seeking to raise about $500 million and has attracted three top-level cornerstones that will take up about 20% of the institutional tranche.

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...

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