These were the notable transactions in Malaysia’s retail market in 2H22

One is a sale and purchase agreement valued at RM2.2 billion.

Since the transaction of Empire City Mall in 2021, there are a few notable transactions of shopping centres on the horizon, signifying the return of investors’ confidence. 

During the review period, Knight Frank reveals that MTrustee Bhd, the trustee of Pavilion REIT, signed a sale and purchase agreement to acquire Pavilion Bukit Jalil Mall from Malton’s subsidiary, Regal Path Sdn Bhd, for RM2.2 billion. Concurrently, YNH Property Bhd also announced the sale of 163 Retail Park shopping centre to ALX Asset Bhd for RM270.5 million. 

Here’s more from Knight Frank:

The proactive and decisive implementation of business continuity efforts such as rental rebates and marketing assistance by mall operators in 2020 and 2021, helped to sustain occupancy levels during the prolonged pandemic period. 

With all economic sectors and businesses now allowed to operate fully, mall operators have continued to strengthen business relations by resuming marketing / promotional activities and events – digitally and on-ground campaigns. 

During the review period, owners and operators of prime shopping centres in Klang Valley have observed higher total revenue, net property income and profit after taxation supported by growing retail sales amid rising footfall and the absence of rental relief.