PavREIT says Pavilion KL, Elite's footfalls unaffected by opening of TRX mall
Pavilion KL and the Pavilion Elite remained PavREIT's largest earnings contributors, accounting for about 77% (Pavilion KL) and 10.
Pavilion KL and the Pavilion Elite remained PavREIT's largest earnings contributors, accounting for about 77% (Pavilion KL) and 10.
Quayside JBCC is a RM600 million mixed-use development comprising 482 units of serviced suites, 24 retail lots, 200 hotel rooms as well as a rooftop bar and fine dining area, all integrated in a 29-storey tower.
Quarterly revenue increased 47.
The terminations are due to the REIT's unsuccessful bids to the Energy Commission to participate in the CGPP, according to its filing to Bursa Malaysia on Friday.
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.
The Food Merchant Prelude “features a grab-and-go concept which curates premium grocery shopping”.
For both MOUs, Pavilion REIT noted that a corporate green power agreement (CGPA) is to be executed within 60 days of approval from the Energy Commission to participate in the CGPP.
Pavilion REIT said the tranche 1 placement issue price represents a discount of 6.