Pavilion

In a strategic real estate move that could reshape the property landscape of Kuala Lumpur, Ho Hup Construction Co Bhd has decided to put its RM1 billion Flex project on hold and sell the 3.09-acre land at Pavilion Bukit Jalil. This significant transaction, involving a sale to Exsim Development Sdn Bhd's subsidiary, Exsim Persiaran Jalil Sdn Bhd for RM110 million, underscores a pivotal shift in the city’s...

In the heart of Kuala Lumpur, amidst a fiercely competitive retail environment, Pavilion Real Estate Investment Trust (PavREIT) continues to dominate with its flagship properties, Pavilion KL and the adjoining Pavilion Elite. Despite the buzz surrounding the new The Exchange TRX, PavREIT maintains a stronghold with an impressive occupancy rate surpassing 95%. Strategic Innovation Drives...

Nestled within the vibrant city of Kuala Lumpur, Bukit Jalil has transformed from a mere residential outskirts to a bustling hub of activity, offering a lifestyle that's both dynamic and serene. This locality is not only famed for its sprawling sports complex built for the 1998 Commonwealth Games but has since evolved into a coveted residential area for those seeking a blend of convenience and quality...

With the official opening of the TRX mall attracting crowds eager to experience it first-hand, the battle among large shopping malls in the heart of Kuala Lumpur is heating up. KLCC Property Trust (KLCC, 5235SS, Main Board Real Estate Trust Stocks) and Pavilion Real Estate Investment Trust (PAVREIT, 5212, Main Board Real Estate Trust Stocks) now face increased competitive pressure. TRX mall, Suria KLCC,...

Pavilion Real Estate Investment Trust (Pavilion REIT) reported a 34.5% increase in net property income (NPI) for the third quarter ending September 30, 2023, reaching RM121.35 million, compared to RM90.22 million the previous year. The boost in NPI was attributed to income generated from the newly-acquired Pavilion Bukit Jalil. Quarterly revenue also surged by 43.4% to RM199.21 million, up from RM138.94...

The Food Merchant, renowned for its unique gastronomy concepts, is set to open its sixth outlet with an innovative twist - The Food Merchant Prelude. This concept store, exclusively located at Pavilion Damansara Heights, is a testament to the brand's commitment to culinary excellence and premium grocery offerings. As an anchor tenant in Pavilion Damansara Heights, The Food Merchant Prelude introduces a...

Pavilion Damansara Heights Mall, a significant component of the Pavilion Damansara Heights integrated development, has officially opened its doors to the public with the launch of its highly anticipated first phase. This initial phase introduces visitors to a meticulously curated selection of specialty stores, diverse dining experiences, and essential lifestyle services. The progressive openings planned...

Southeast Asia's premier health-centric township, KL Wellness City (KLWC), is poised to revitalize the healthcare industry. This RM11 billion project spans 26.49 acres, establishing a robust ecosystem devoted to promoting health and wellness. Encompassing a diverse array of facilities including the Nobel Healthcare Park, KL International Hospital (KLIH), innovation labs, R&D units, healthcare office...

Unearth a haven of splendour in Malaysia's most prestigious neighbourhood, Mont Kiara, with the exquisite Pavilion Mont Kiara residences. Strategically located and exuding affluence, Pavilion Mont Kiara is a testament to the quintessential blend of luxury, comfort, and convenience. Immerse yourself in the lap of luxury at Pavilion Mont Kiara, a coveted freehold residential development redefining...

Pavilion Real Estate Investment Trust (REIT)’s net property income rose 11.5% to RM104.8 million in the first quarter ended March 31, 2023 (1QFY2023) from RM93.99 million in the same quarter a year earlier, as it reported stronger revenue thanks to higher rental income due to increased occupancy, rent revenue, and advertising and marketing income at its retail malls. Revenue grew 16.23% to...