News about Bukit Jalil

The REIT’s distributable income for 4QFY2024 stood at RM88.

Of the proceeds, RM12 million will be allocated to support the group’s ongoing property development projects, including River Park (prime serviced apartments in Bangsar South with an estimated gross development value (GDV) of RM1 billion) and Park Green (low-density freehold serviced apartments in Bukit Jalil with a GDV of RM763 million).

The company said the contract will commence on Dec 9, 2024, and construction works are to be completed within 42 months.

Launched in May this year, phase one of KL Wellness City comprises KL International Tertiary Hospital (KLIH) and The Nobel Healthcare Park.

The 2.

Shares in Pavilion REIT edged up 1.

The contract involves the development of three blocks of suite apartments totalling 1,558 units, along with related facilities in Bukit Jalil, Kuala Lumpur.

The hospital will be the centrepiece of KL Wellness City, poised to be a world-class hub for both domestic and international healthcare and medical services, featuring centres of excellence across areas including cardiology, spine health, neuro health, sports medicine, cosmetic surgery and fertility.

Nevertheless, the research house said on a brighter note, the earnings outlook for Pavilion REIT remains optimistic, driven by a positive rental reversion outlook for Pavilion KL Mall.

Quarterly revenue gained 43.