It has been sometime since I last updated my blog as I have been busy attending results briefing during the recent results season. Some of my clients have asked me on this Pavilion Reit IPO and I have summarized the pertinent points on this IPO in this writeup.
Pavilion Real Estate Investment Trust (“Pavilion Reit”), a Malaysian shopping mall trust is seeking a listing in Malaysia by December this year. It intends to raise approximately 700m ringgit (RM700m) by offering 790m new shares at an indicative price of between 88-90 sen per share.
Here are some useful share statistics at a glance…
|
Issuer |
Pavilion Real Estate Investment Trust |
|
Manager |
Pavilion REIT Management Sdn Bhd |
|
Sponsor |
Urusharta Cemerlang Sdn Bhd |
|
Listing |
Main Market of Bursa Malaysia |
|
Assets |
a) Pavilion KL Mall
Seven storey shopping mall
NLA: 1.3m sq feet
GFA: 2.2m sq feet
Occupancy rate: 97.7%
Contribution to ... |
