Pavilion Reit shops for $224m, offers value against its peers

17 Nov 2011

Malaysian real estate investment trust Pavilion Reit launched an up to M$711m ($224m) IPO at the end of last week and bankers on the deal had already covered the book multiple times as EuroWeek Asia went to press on Thursday.

The deal drew strong demand because the single property-sector structure was easy to analyse and offered an attractive yield compared to similar deals, bankers said. The leads were also helped by lining up cornerstone investors, finding enough demand to cover around a third of the order book before ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.