PETALING JAYA: Pavilion Real Estate Investment Trust
’s (Pavilion-REIT) proposal to buy Pavilion Bukit Jalil Mall (PBJ) is expected to enhance the fund’s portfolio performance in the medium term.
However, analysts are maintaining their ratings and earnings forecasts for Pavilion-REIT at the moment, pending the completion of the acquisition by the second quarter of next year and the private placement exercise to finance the acquisition.
Pavilion-REIT said on Tuesday it had entered into a conditional sale and purchase agreement with Regal Path Sdn Bhd for the acquisition of Pavilion Bukit Jalil for an aggregate purchase consideration of RM2.2bil.
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