Pavilion

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...

An agreement has finally been inked to facilitate Pavilion Real Estate Investment Trust's (Pavilion REIT) purchase of Pavilion Bukit Jalil mall (PBJ mall) from Malton Bhd. Both groups have been in talks regarding the purchase since December last year. Malton's executive chairman and major shareholder Tan Sri Desmond Lim is also the chairman and non-independent executive director of Pavilion REIT...

Pavilion Genting Highland present an urban sanctuary that offers unique holistic experiences. Inspired by the lush environment is coming to the Entertainment City. It will become a new Global destination covering over an area of more than 280 acres of forested hilltop land comprising mixed-use components including a Global Retail Village and high rise condominiums and many more to serve...

Pavilion Real Estate Investment Trust, which is still in the midst of discussion to buy Pavilion Bukit Jalil mall from Malton Bhd, posted a higher net property income (NPI) of RM90.22 million in the third quarter ended Sept 30, 2022 (3QFY22). This is 90% higher than the RM47.47 million NPI recorded in 3QFY21, thanks to increased revenue as well as lower property operating expenses. Earnings per...