Pavilion REIT unitholders approve Bukit Jalil Mall acquisition

KUALA LUMPUR: Pavilion Real Estate Investment Trust (Pavilion REIT) unitholders have agreed to acquire the Pavilion Bukit Jalil Mall for RM2.2 billion.

In a statement today, the manager of Pavilion REIT, Pavilion REIT Management Sdn Bhd, said the endorsement by unitholders also saw the approval of two private placement exercises to partly fund the acquisition involving a RM720 million tranche scheduled to be completed in the second quarter of this year, and a RM550 million tranche to be completed latest by the second quarter of 2025.