Malaysia's Sunway REIT to raise about $460 mln from IPO

KUALA LUMPUR May 10 (Reuters) - The planned listing of Malaysian property developer Sunway City's SWCB.KL real estate investment trust (REIT) will raise about 1.5 billion ringgit ($459 million), more than was expected in the beginning of this year, sources with direct knowledge of the deal told Reuters on Monday.

The REIT, comprising eight properties with a combined market value of about 3.7 billion ringgit, is set to become Malaysia's largest when it is listed in the third or fourth quarter of this year.

(Reporting by Julie Goh; Editing by David Chance)