News about Pavilion REIT —
Pavilion REIT is announcing the acquisition of the recently completed Pavilion Bukit Jalil for RM2.20 billion:
With a net lettable area of 1.8 million square feet, PBJ Mall has rejuvenated Bukit Jalil into a vibrant destination for business, shopping, dining, leisure and entertainment on a 28-acre freehold plot.
The mall houses five levels of retail space, two levels of basement parking with 4,800 car park bays and a Piazza (centralized green area) - with all these integrated seamlessly as part of the 50-acre Bukit Jalil City integrated lifestyle development comprising 3 storey shop offices and residences (The Park and The Park 2).
To fund the operation, the trust is also undertaking a private placement of up to RM1.27 billion.