PETALING JAYA: Pavilion Kuala Lumpur's (pic) likely better rental growth and possible injection of new assets in the medium to long term are among the drivers for the Pavilion Real Estate Investment Trust
(REIT), going forward.
In a report, Maybank Investment Bank Research said financial year ending Dec 31, 2013 (FY13) would be an exciting year for Pavilion REIT, as 71% of its net lettable area was due for renewal in the third quarter, and assumed its rental growth rate would be 13% for 2013 and 10% in 2014.
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