The acquisition of the Pavilion Bukit Jalil Mall is expected to raise Pavilion REIT’s portfolio base to RM8.3 billion from RM6 billion.
This involves 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. This remains comfortably under the gearing limit of 50% as permitted under the listed REIT guidelines, which would still allow Pavilion REIT headroom to explore potential acquisitions, the statement said.
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