Pavilion REIT - Elite Pavilion Mall

10-storey shopping mall with stratified parcels consisting of car park bays on Level B3 to Level 2 (‘Elite Pavilion’) interconnected to Pavilion Kuala Lumpur Mall via pedestrian link bridges and seating / retail areas on Level 4 to Level 10 (‘Extension-Connections’) and an underground pedestrian tunnel with retail outlets which contractual rights will expire on 10 October 2037 (‘Subway Linkage’)

Year of Completion

2016

Age of Building

9 years

Title

Geran 79872/M1/B5/1 on Parent Lot No 20027, Section 57, Town and District of Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur for Elite Pavilion

Pajakan Negeri 53757/M1/B3/1 on Parent Lot 20020, Section 63, Town and District of Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur for Extension-Connections

Encumbrances

Extension-Connections is charged to Alliance Bank Malaysia Berhad

Tenure

Interest in perpetuity for Elite Pavilion
99-year lease expiring on 26 October 2109 for Extension-Connections

Gross Floor Area

416,316 square feet

Net Lettable Area*

228,508 square feet

Number of Car Park Bays

Occupancy Rate as at 31 December 2025

97.4%

Date of Acquisition

27 April 2018

Acquisition Price

RM580 million

Appraised Value

RM565 million

Date of Latest Valuation

31 December 2025

Independent Valuer

Knight Frank Malaysia Sdn Bhd

Capitalisation Rate - Reversionary*

6.25% for Elite Pavilion

Gross Revenue*

RM86 million

Net Property Income*

RM52 million

Top Largest Tenants (Alphabetical Order):

Coach, COS "Collection of Style", Cotton On, JD Sports King of Trainers, Haidilao Hot Pot, Lukfook Jewellery, Lululemon, Mac, Muji & Café, Red Box Plus

*as at FYE 31 December 2025