KUALA LUMPUR: Pavilion Real Estate Investment Trust
(Pavilion REIT) has acquired Elite Pavilion Mall and its related assets from Urusharta Cemerlang (KL) (UCKL) Sdn Bhd and Urusharta Cemerlang Sdn Bhd (UCSB) for RM580mil.
In a filing to Bursa Malaysia, Pavilion REIT said it had signed a conditional sale and purchase (S&P) agreement with UCKL for the acquisition of Elite Pavilion and vesting agreement with UCSB and UCKL for the vesting of the extension-connections.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
