Pavilion REIT expects retail sales normalisation amid cost of living concerns

PETALING JAYA: Pavilion Real Estate Investment Trust (Pavilion REIT) expects retail sales to undergo a normalisation path for the remainder of the year, due to moderation in spending after a strong recovery in 2022 besides concerns of higher cost of living.

“Other than supporting tenants as a continuous marketing strategy, building loyalty and pro-actively organising captivating events and activities remains a key priority to drive shoppers and visitors to Pavilion REIT malls,” it said in a filing with Bursa Malaysia.