The lower contribution from the engineering, construction and environment division was partially offset by the property development and investment division, which recorded an operating profit of RM33.
The group — comprising KLCCP and KLCC REIT — saw quarterly revenue grow 18.
Its property investment and development saw loss before tax narrowed due to the absence of a rental deferral programme which ended June 30, 2022, and the absence of unrealised foreign exchange loss on borrowings denominated in foreign currencies by YTL Hospitality REIT.
Pavilion REIT said the tranche 1 placement issue price represents a discount of 6.
Noorbaizura Hermeyney, 43, has 20 years of working experience, which is primarily focused on investment and asset management, including experience in the real estate portfolios for public listed real estate investment trusts and government-linked companies.
Axis acquired the property in 2014 for RM153.
Going forward, UOA REIT said economic conditions remain as the key factor influencing the occupancy and rental rates of its properties.
Gross revenue for the retail segment was 28.
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