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BlackRock sells KL mall to Malaysia's Pavilion Reit
Published Wed, Dec 30, 2015 · 09:50 PM
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Kuala Lumpur
BLACKROCK, the world's largest asset manager, said on Wednesday that it has sold a luxury shopping mall in central Kuala Lumpur to Malaysia's Pavilion Real Estate Investment Trust (Pavilion Reit) for RM160 million (S$52.5 million).
BlackRock bought the Intermark Mall along with two corporate office towers and a hotel for US$600 million in 2007 and has refurbishe…
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