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.

Malaysia’s Pavilion Reit prices $228 million IPO

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.

The retail tranche, which accounts for 4.4% of the deal, was priced at M$0.88 per unit.

About 35% of the institutional portion was allocated to six cornerstone investors, which include domestic pension funds...

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