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.
Confirmed tenants include Harvey Norman, Swarovski, Karl Lagerfeld, A Cut Above by Aveda, Watson's, Food Republic, Poh Kong Gallery and Din Tai Fung.
Quarterly revenue grew 26.
KUALA LUMPUR (July 29): Pavilion Real Estate Investment Trust (REIT) net property income (NPI) for the second quarter ended June 30, 2022 (2QFY22) jumped 74.
KUALA LUMPUR (June 23): The Malaysian Real Estate Investment Trust (REIT) Managers Association (MRMA) has elected Pavilion REIT Management Sdn Bhd CEO Datuk Philip Ho Yew Hong as the new chairman for a two-year term at its annual general meeting on June 16.
Read also: DONE DEAL: Three-storey shoplot at SS2, Petaling Jaya, Selangor DONE DEAL: Two-storey shopoffice at Hicom-Glenmarie Industrial Park, Shah Alam, Selangor Developed by Pavilion Group, Banyan Tree Signatures Pavilion was completed in 2015.
Read also: DONE DEAL: Serviced residence at Pavilion Suites, Kuala Lumpur DONE DEAL: Penthouse unit at Ameera Residences, Petaling Jaya, Selangor Banyan Tree Signatures Pavilion was developed by the Pavilion Group and completed in 2015.
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