Pavilion REIT issues 3.12 million units for part payment of management fees
PETALING JAYA: (Feb 19) Pavilion Real Estate Investment Trust (Pavilion REIT) will issue 3.
PETALING JAYA: (Feb 19) Pavilion Real Estate Investment Trust (Pavilion REIT) will issue 3.
KUALA LUMPUR (Jan 30): Pavilion Real Estate Investment Trust (KL:PAVREIT) saw its net property income (NPI) in the fourth quarter rise 11.
KUALA LUMPUR (Jan 9): Property developer Global Oriental Bhd (KL:GOB) said it is disposing of 18 retail units in its Pavilion Embassy project in Kuala Lumpur for RM35 million to pare its borrowings.
Park Place @ ParkCity, Kuala Lumpur condo unit sold for RM2.
The REIT said retail remains the cornerstone of its performance, contributing RM652.
Bukit Jalil is a key Klang Valley hub, with established institutional, and growing residential, and commercial developments, supported by strong infrastructure.
While Pavilion REIT continues to benefit from a rebound in tourism with expected drive spending and traffic at key assets such as Pavilion Kuala Lumpur and Pavilion Elite, the research house said the recent share price rally had already priced in much of this optimism and “tilted its risk-reward to be less compelling”.
The prime lifestyle hub, along with its premium office and residential segments, has been viewed to further enhance the value of properties in the affluent address.
Dataran Pavilion (Pavilion Square), developed by the Pavilion Group, is a premier mixed-use development in Kuala Lumpur's Golden Triangle.
The trust, which mainly manages retail and hospitality assets, declared an interim income distribution of 0.