Pavilion REIT's 3Q net property income rises 34.5% with the newly-acquired Pavilion Bukit Jalil
Quarterly revenue gained 43.
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.
Pavilion Kuala Lumpur Mall remained the REIT's biggest overall revenue contributor as well as for its mall segment, with gross revenue rising 18.
According to a bourse filing, the REIT said the resolution was duly passed at its extraordinary general meeting (EGM) on Wednesday (March 22) after 134 unitholders who collectively hold 539.
“This proposed acquisition is in line with our strategy of replenishing our land bank at locations with strong growth potential and to scale up our property development activities to generate long-term sustainable income.
Pavilion REIT said the topline increase was mainly due to higher rental billings, coupled with higher revenue from contract customers of RM16.
Pavilion Bukit Jalil mall, located in Bukit Jalil, has a net lettable area of 1.