Retail Therapy for MREITs
Marie Suwrna Vaz, Analyst, Kenanga Research
Marie Suwrna Vaz, Analyst at Kenanga Research discusses the outlook for Pavillion REIT and KLCC Stapled Group.
Next year will be a major year for Pavillion Reit as almost 70% of its leases up are for renewal. The emergence of Tan Sri Desmond Lim as a major shareholder of WCT Holdings could also see potential synergies and future asset injections of WCT Malls into PavREIT.
Meanwhile, a placement issue by KLCC Stapled Group could potentially raise up to RM1.4 billion, allowing for future acquisitions, e.g. the rest of Suria KLCC and Traders Hotel.
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