This is as occupancy rate for Parcel B — Menara UOA Bangsar (MUB) is expected to rise to above 60% in the fourth quarter of financial year 2024 (4QFY2024), from 58% in 3QFY2024, the research house said.
After acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million.
Pavilion REIT said the acquisitions align with its commitment to deliver premium offerings while capitalising on synergistic opportunities with Pavilion KL mall.
The property comprises two office-suite parcels within Menara Southpoint in Mid Valley City, Kuala Lumpur.
Net rental income for the quarter declined 6.
He succeeds Raja Nazirin Shah Raja Mohamad, whose tenure concludes with the expiry of his contract.
The new asset features a single-storey hypermarket, basement car park and office space.
According to CapitaLand Malaysia Trust, Yong has more than 28 years of experience in banking including project financing, consultancy and real estate industry including fund management for real estate.
Net property income for 3QFY2024 was RM37.
In view of the upcoming enlarged unit capital from this placement, Axis REIT had declared on Tuesday an advance fourth interim distribution of 1.
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