Friday, May 20, 2011

IPO ... Pavilion KL

Datuk Desmond Lim Siew Choon is preparing to list Pavilion Kuala Lumpur, in what could be Malaysia's largest initial public offering of a real estate investment trust (REIT).

Sources said that the assets under it could be worth between RM4 billion and RM5 billion. Others, however, said the asset size may not be that large but its market capitalisation could be comparable to that of Sunway Real Estate Investment Trust (SunREIT).

Pavilion KL's listing could happen as early as end-2011 and will include the retail portion of the mixed development.

It is also believed that CIMB Investment Bank, Credit Suisse and Maybank Investment will be involved in the deal.

Lim, who controls Malton Bhd, developed the mall via Malton's subsidiary Kuala Lumpur Pavilion Sdn Bhd. The mall is owned by Urusharta Cemerlang Sdn Bhd, which is 51 per cent-owned by Urusharta Cemerlang Development Sdn Bhd and 49 per cent by Qatar Investment Authority (QIA).

A company by the name of Pavilion Reit Management Sdn Bhd had been set up. Lim and his wife Datin Tan Kewi Yong each hold a share in this company, which was registered on April 7 2011. The nature of business of Pavilion Reit Management is described as "management of real estate investment trust, investment holding and property management".

While it is certain that the retail portion of the building, which has a total net lettable area of 1.37 million sq ft, will form part of the REIT, it is unclear if the corporate office tower with a nett floor area of 185,000 sq ft will be included in it.

Pavilion KL, opened in 2007, is said to be profitable. It is enjoying a 98 per cent tenancy.

Talk is that Fahrenheit 88, the shopping centre opposite Pavilion KL and managed by Pavilion KL, may later be injected into the REIT. The mall is now 92 per cent occupied. Fahrenheit 88 belongs to Makna Mujur Sdn Bhd, which is owned by Pavilion International Development Fund Ltd, of which the principal is the QIA.

In 2010, Urusharta Cemerlang (KL), owned by Tan Sri Zainol Mahmood and another individual, made history by paying RM7,209.80 per sq ft for the land in Jalan Bukit Bintang adjacent to Pavilion KL.

58 comments:

Anonymous said...

buy tramadol online tramadol dosage dogs bone cancer - buy tramadol online paypal

Anonymous said...

generic xanax order xanax online without script - xanax bars yellow vs white

Anonymous said...

xanax online pictures of generic xanax pills - buy xanax online for cheap

Anonymous said...

buy tramadol online tramadol for dogs people - buy tramadol hcl 50mg

Anonymous said...

buy generic tramadol no prescription tramadol hcl 50 high - tramadol withdrawal 5-htp

Anonymous said...

generic xanax effects xanax your body - 0.25mg xanax and alcohol

Anonymous said...

buy tramadol online tramadol hcl 37.5-3 tab myla - buy tramadol online no prescription usa

Anonymous said...

buy tramadol online buy tramadol in florida - tramadol online texas

Anonymous said...

xanax online how many xanax pills to get high - generic xanax vs. name brand

Anonymous said...

buy tramadol online buy tramadol online next day delivery - taking 2 50mg tramadol

Anonymous said...

buy tramadol online buy tramadol online no prescription usa - tramadol withdrawal restless legs

Anonymous said...

generic xanax drug interactions xanax trazadone - xanax dosage in children

Anonymous said...

carisoprodol buy carisoprodol recreational dose - carisoprodol 350 mg tablets information

Anonymous said...

xanax online xanax 2mg pictures - side effects switching xanax klonopin

Anonymous said...

online xanax no prescription xanax side effects fetus - xanax 93 832

Anonymous said...

buy carisoprodol online without prescription buy soma carisoprodol online - street value of carisoprodol 350 mg

Anonymous said...

buy tramadol online no prescription tramadol 50 mg paracetamol 500 mg - tramadol withdrawal mayo clinic

Anonymous said...

order xanax online xanax bars while pregnant - xanax .5 mg drug test

Anonymous said...

buy tramadol online tramadol for dogs vs people - tramadol overnight no prescription mastercard

Anonymous said...

xanax online order brand xanax online no prescription - buy alprazolam 3mg

Anonymous said...

carisoprodol no prescription carisoprodol drug interaction - carisoprodol 350 mg what is it used for

Anonymous said...

buy carisoprodol drug carisoprodol prescribed - soma carisoprodol tablets dosage

Anonymous said...

buy carisoprodol what is soma carisoprodol used for - carisoprodol 350 mg wiki

Anonymous said...

buy cialis online order viagra cialis online - buy generic viagra cialis online

Anonymous said...

xanax online xanax dosage recreational - buy xanax online from mexico

Anonymous said...

buy cialis online buy cialis for cheap - buy-cialis-generic-online

Anonymous said...

generic xanax xanax street price nyc - xanax no prior prescription

Anonymous said...

buy cialis in usa cheap cialis from us - cialis price pakistan

Anonymous said...

http://landvoicelearning.com/#44827 tramadol hcl xl - buy cheap tramadol online

Anonymous said...

tramadol 100 mg purchase tramadol usa - tramadol overnight fedex no prescription

Anonymous said...

buy tramadol online tramadol addiction in dogs - tramadol 627 get high

Anonymous said...

http://buytramadolonlinecool.com/#59473 tramadol 37.5/325 high - how can i buy tramadol online

Anonymous said...

http://landvoicelearning.com/#23561 can i order tramadol online legally - tramadol dosage men

Anonymous said...

buy tramadol online high on tramadol hcl - cheap-tramadol.org

Anonymous said...

http://blog.dawn.com/dblog/buy/#side-effects tramadol dosage side effects - order tramadol for pets

Anonymous said...

http://landvoicelearning.com/#38471 how to buy tramadol online overnight - tramadol and high blood pressure

Anonymous said...

tramadol no rx where can you buy tramadol over the counter - buy tramadol online us

Anonymous said...

tramadol online overnight tramadol migraine - tramadol dosage humans weight

Anonymous said...

tramadol online cod can you buy tramadol online no prescription - tramadol 319 high

Anonymous said...

buy tramadol cheap no prescription buy tramadol direct - tramadol hcl 50 mg tablets used

Anonymous said...

http://buytramadolonlinecool.com/#96430 buy tramadol overnight - tramadol for dogs how often

Anonymous said...

buy tramadol online buy tramadol online safely - can you withdrawal tramadol

Anonymous said...

ativan online pharmacy ativan dosage for mri - overdose on ativan mg

Anonymous said...

buy ativan online 1mg lorazepam diazepam equivalent - ativan etoh withdrawal

Anonymous said...

A huge dick in my pussy,any warm wet tounge up my own arse and cum as well as pussy juice all over me.

Fuck, ozzy

My website: hcg injections

Anonymous said...

buy tramadol online tramadol high many - can you buy tramadol over counter usa

Anonymous said...

http://staam.org/#10699 tramadol for dogs drug interactions - overdose of tramadol for dogs

Anonymous said...

http://ranchodelastortugas.com/#71453 xanax effects mood - alprazolam 0.5mg for dogs

Anonymous said...

http://staam.org/#36750 tramadol is generic for - buy tramadol 100mg online

Anonymous said...

buy tramadol online no prescription cheap tramadol 50mg dosage - tramadol hcl nih

Anonymous said...

buy xanax online xanax side effects men - xanax and alcohol euphoria

Anonymous said...

buy tramadol online without a prescription tramadol dosage for depression - how to buy tramadol online overnight

Anonymous said...

http://ranchodelastortugas.com/#61301 xanax order online no prescription - valium xanax online

Anonymous said...

http://staam.org/#37708 tramadol 50 mg kapseln - tramadol dosage info

Anonymous said...

buy xanax online buy xanax online in the uk - xanax side effects of withdrawal

Anonymous said...

buy xanax without prescriptions xanax generic pills look like - high dosage of xanax

Anonymous said...

http://ranchodelastortugas.com/#71453 best site buy alprazolam - buy alprazolam 2mg online no prescription

Anonymous said...

http://ranchodelastortugas.com/#72895 what do generic xanax pills look like - xanax xr dosage panic attacks