Press Release
SUNWAY REIT DECLARES RECORD HIGH FY2025 DPU OF 14.48 SEN, FULL YEAR NPI UP 15.5%
SUNWAY REIT DECLARES RECORD HIGH FY2025 DPU OF 14.48 SEN, FULL YEAR NPI UP 15.5% Key Highlights:o Full year revenue and NPI rose by 16.6%
SUNWAY REIT DECLARES RECORD HIGH FY2025 DPU OF 14.48 SEN, FULL YEAR NPI UP 15.5% Key Highlights:o Full year revenue and NPI rose by 16.6%
SUNWAY REIT UNDERTAKES ASSET DISPOSAL OF SUNWAY HOTEL SEBERANG JAYA FOR RM60 MILLION o Sunway REIT proposes an asset disposal involving the sale of Sunway
Kuala Lumpur, 5 December 2024: Pavilion Real Estate Investment Trust (Pavilion REIT) has announced the proposed acquisitions of two prestigious hospitality assets in Kuala Lumpur, the Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), in a landmark deal worth RM480 million.
MTrustee Berhad, acting for and on behalf of Pavilion REIT, entered into conditional sale and purchase agreements with Lumayan Indah Sdn Bhd for the acquisition of BTKL at a purchase consideration of RM140 million, and with Harmoni Perkasa Sdn Bhd for the acquisition of PHKL at a purchase consideration of RM340 million.