BlackRock sells KL mall to Malaysia's Pavilion Reit
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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 refurbished the complex on prime real estate in Malaysia's capital.
Share with us your feedback on BT's products and services
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise ’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
