Malaysia’s Pavilion Reit prices $228 million IPO

The retail property-focused Reit attracts robust demand from high-quality, long-term investors, with almost 70% allocated to domestic players.
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Kuala Lumpur's Pavilion shopping mall
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<div style="text-align: left;"> Kuala Lumpur's Pavilion shopping mall </div>

Malaysia’s Pavilion Real Estate Investment Trust is set to raise M$710 million ($228 million) from its initial public offering after fixing the price at the top of the range at M$0.90 per unit for institutional investors, according to sources.

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