KUALA LUMPUR: The manager of Sunway Real Estate Investment Trust (SunREIT) has announced that it has acquired 163 Retail Park in Mont Kiara, Kuala Lumpur, for RM215mil.

In a statement, Sunway REIT Management Sdn Bhd said the REIT trustee had signed a conditional sale and purchase agreement with D’Kiara Place Sdn Bhd, a wholly-owned subsidiary of YNH Property Bhd, to purchase the seven-storey retail mall.

According to SunREIT, the mall, which is the centrepiece component of a mixed-integrated development known as Kiara 163, has a gross floor area of about 76,146 sqm with a net lettable area of about 23,740 sqm and 1,085 car park bays.

The property is 94% occupied with over 100 tenants and brands, and is anchored by Jaya Grocer.

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