Pavilion REIT to purchase Pavilion Bukit Jalil for RM2.2bil

KUALA LUMPUR: Pavilion Real Estate Investment Trust (Pavilion REIT) has proposed to acquire Pavilion Bukit Jalil Mall (PBJ) from Regal Path Sdn Bhd for an aggregate purchase consideration of RM2.2 billion.

In a filing with Bursa Malaysia today, it said Regal Path will dispose of one block of five-storey retail mall with two basement car park levels located within Bukit Jalil City, Kuala Lumpur, together with the related assets and rights.