Pavilion REIT to buy USJ mall for RM488mil


PETALING JAYA: Pavilion Real Estate Investment Trust’s manager Pavilion REIT Management Sdn Bhd will acquire the da:mén USJ shopping mall from Equine Park Country Resort Sdn Bhd and Revenue Concept Sdn Bhd.

The acquisition will cost RM488mil for a five-storey shopping mall with a lower ground floor of about 420,920 sq ft of net lettable area.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , damen , Pavillion Reit , shopping , USJ , equine park , stocks , shares , klci ,

Next In Business News

Can homes and data centres coexist safely?
Designing haze-ready homes
A new board is not the answer
Trends reshaping premium retail market
A boom centred on data centres
Malaysia’s bonds brace for bumpy ride
Seeking value in Malaysia’s tech rally
Gold holds the hedge
Fujian’s rural revitalisation
From crime cache to auction

Others Also Read