The ownership of Pavilion Kuala Lumpur is held by MTrustee Berhad for Pavilion REIT.
Understanding Pavilion Kuala Lumpur's Ownership Structure
Pavilion Kuala Lumpur, a prominent shopping mall, operates under an ownership arrangement where MTrustee Berhad serves as the legal owner. This entity specifically acts on behalf of Pavilion REIT (Real Estate Investment Trust). This structure is common for large commercial properties, where a trustee holds the assets for the benefit of the unitholders of the REIT.
This setup allows for pooled investments in income-generating real estate. While MTrustee Berhad holds the direct legal title, the economic interest and the operational benefits are primarily tied to Pavilion REIT, representing its investors.
Key Details of Pavilion Kuala Lumpur
Beyond its ownership, Pavilion Kuala Lumpur is a significant retail destination, characterized by its extensive offerings.
| Aspect | Detail |
|---|---|
| Owner | MTrustee Berhad for Pavilion REIT |
| No. of Stores | 532 |
| Total Retail Area | 1,610,000 sq ft (150,000 m2) |
