Latest news with #PavilionBukitJalil
The Star
6 days ago
- Business
- The Star
Pavilion-REIT reports solid performance for 2Q
PETALING JAYA: Pavilion Real Estate Investment Trust (Pavilion-REIT) has reported a higher net profit of RM78.66mil for its second quarter of financial year ended June 30, (2Q25), up from RM67.12mil a year ago, driven by stronger contributions from the Pavilion Bukit Jalil mall in Kuala Lumpur. Revenue for the quarter rose to RM213.34mil, compared with RM201.3mil in the same period last year. In a filing with Bursa Malaysia, Pavilion- REIT said the improvement was largely attributable to Pavilion Bukit Jalil, which benefited from a higher occupancy rate and increased income from its exhibition centre and advertising spaces. The REIT added that enhanced advertising revenue from the upgraded LED screen at Elite Pavilion Mall in Kuala Lumpur also supported the improved top line. 'Total property operating expenses were higher by RM2.3mil or 3% compared with 2Q24 mainly due to the increase in marketing expenses driven by campaigns as well as setup cost for advertising-related income,' it said. As a result, net property income rose 8% to RM133.3mil in 2Q25 from RM123.47mil in the previous corresponding quarter. For the first half of this financial year (1H25), net profit rose to RM169.08mil from RM150.28mil in the same period a year ago. Revenue climbed to RM441.52mil from RM419.82mil, while net property income increased to RM272.58mil from RM256.05mil. The REIT noted that the total property operating expenses incurred was higher by 3% at RM168.94mil in 1H25. This was mainly due to set up costs for advertising income and higher doubtful-debt provisions. Earnings per unit stood at 4.60 sen, up 0.49 sen from 4.11 sen in the previous year's corresponding period. Pavilion-REIT declared an interim income distribution of 0.32 sen per unit for the financial year ending Dec 31, payable on Aug 27, 2025. Looking ahead, the REIT said it remains mindful of ongoing cost pressures, including the imposition of service tax on commercial rentals, higher minimum wages and the impact of subsidy rationalisation on operating margins. 'Businesses in the retail industry are adopting a cautious stand, given that cost pressures remain elevated. 'The manager will continue its proactive management of Pavilion-REIT's investment properties to give its unitholders steady distributions,' the REIT said in its filing. The REIT added that the return of large-scale business events and international concerts continue to drive demand as the hospitality market continues to gain traction and international arrivals continue to increase. As of end-June, Pavilion-REIT's portfolio comprises Pavilion Kuala Lumpur Mall, the Pavilion Tower office tower, Da Men Mall in Subang Jaua, Intermark Mall, Elite Pavilion Mall, Pavilion Bukit Jalil, Banyan Tree Kuala Lumpur and Pavilion Hotel Kuala Lumpur. In May, the REIT received unit holders approval to acquire Banyan Tree Kuala Lumpur and Pavilion Hotel Kuala Lumpur for RM480 million. Management said the deals would strengthen its long-term performance and reinforce its presence within the prime Bukit Bintang shopping area in Kuala Lumpur. Pavilion-REIT chief executive officer Datuk Philip Ho said the hotels would be highly synergistic with Pavilion Kuala Lumpur Mall and Elite Pavilion Mall, allowing for an elevated visitor and hotel guest experience. He added the REIT remained focused on owning and managing high-performing retail-led assets, especially super-regional and integrated developments, and the acquisition presented a value-aligned opportunity within the REIT's existing footprint in Bukit Bintang. In a separate filing, Pavilion-REIT said it holds several rights of first refusal, placing it in a strong position to expand its net lettable area going forward.
The Star
7 days ago
- Business
- The Star
Pavilion REIT 2Q net profit climbs to RM79mil
PETALING JAYA: Pavilion Real Estate Investment Trust (Pavilion REIT) reported a higher net profit of RM78.66mil for the second quarter ended June 30, 2025 (2Q25), up from RM67.12mil a year ago, driven by stronger contributions from Pavilion Bukit Jalil. Revenue for the quarter rose to RM213.34mil, compared with RM201.3mil in the same period last year. In a filing with Bursa Malaysia, Pavilion REIT said the improvement was largely attributable to Pavilion Bukit Jalil, which benefited from a higher occupancy rate and increased income from its exhibition centre and advertising spaces. The REIT added that enhanced advertising revenue from the upgraded LED screen at Elite Pavilion Mall also supported the improved top line. 'Total property operating expenses were higher by RM2.3mil or 3% as compared to 2Q24, mainly due to the increase in marketing expenses driven by campaigns as well as setup cost for advertising-related income,' it said. As a result, net property income rose 8% to RM133.3mil in 2QFY25 from RM123.47mil in the previous corresponding quarter. For the first half of the financial year ending Dec 31, 2025 (1H25), net profit rose to RM169.08mil from RM150.28mil in the same period a year earlier. Revenue climbed to RM441.52mil from RM419.82mil, while net property income increased to RM272.58mil from RM256.05mil. The REIT noted that the total property operating expenses incurred were higher by 3% to RM168.94mil in 1HFY25. This was mainly due to set-up costs for advertising income and higher doubtful debts provision. Earnings per unit stood at 4.60 sen, up 0.49 sen from 4.11 sen in the previous year's corresponding period. Pavilion REIT declared an interim income distribution of 0.32 sen per unit for the financial year ending Dec 31, 2025, payable on Aug 27, 2025. Looking ahead, the group remains mindful of ongoing cost pressures, including the imposition of service tax on commercial rentals, higher minimum wages and the impact of subsidy rationalisation on operating margins. Nonetheless, it said proactive management of its investment properties remains a priority to ensure steady returns to unitholders. The REIT added that the return of large-scale business events and international concerts continues to drive demand as the hospitality market continues to gain traction and international arrivals continue to increase. As at end-June, Pavilion REIT's portfolio comprised Pavilion Kuala Lumpur Mall, Pavilion Tower, DA MEN Mall, Intermark Mall, Elite Pavilion Mall, Pavilion Bukit Jalil, Banyan Tree Kuala Lumpur and Pavilion Hotel Kuala Lumpur. In a separate filing, Pavilion REIT said it holds several rights of first refusal, placing it in a strong position to expand its net lettable area going forward.
Associated Press
21-07-2025
- Business
- Associated Press
KK Group Launches Three Brands Overseas, Accelerating Global Expansion
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Jul 21, 2025-- On July 10, 2025, X11 opened its first overseas store at Pavilion Bukit Jalil in Malaysia, marking the full global launch of KK Group's three core brands—KKV, The Colorist, and X11. This milestone advances the group's global expansion strategy. KK Group runs three core brands—KKV (premium lifestyle), The Colorist (beauty), and X11 (trend toys)—united by the group's brand vision 'Live a Life Without Boundaries.' Operating in 6 countries with over 1,000 global stores, the group leverages operational strength to expand efficiently amid global business integration. This press release features multimedia. View the full release here: KK Group Launches Three Brands Overseas, Accelerating Global Expansion X11 Debuts in Malaysia with Its First Store, as KK Group Strengthens Its Market Presence KK Group's three core brands—KKV, The Colorist, and X11—have made their first joint debut at Pavilion Bukit Jalil in Malaysia. X11's first overseas store opened on July 10, attracting large crowds, with curated displays of trendy toys and top-tier IPs. Moving forward, KK Group plans to place greater emphasis on the Malaysian market. During X11's launch, KK Group hosted a limited-time pop-up for its three brands at Pavilion Bukit Jalil, drawing a surge of Gen Z and enhancing youth interaction. A joint ceremony for X11, The Colorist, and KKV followed on July 12, with top executives from both sides attending the ribbon-cutting. To date, KK Group has expanded its presence to 6 countries, forming partnerships with leading local groups in each market. KK Group Engages Gen Z: Co-Creating Trends with Young Consumers Statistics show that Gen Z accounts for over 30% of the global population, with the annual consumption growth rate of young people worldwide reaching 7% on average. KK Group's three core brands perfectly cater to the needs of young people: KKV is a lifestyle trend retail brand, The Colorist is a large-scale beauty trend retail brand, and X11 is a fashion culture trend retail brand. Their respective slogans—'100 LIFESTYLES,' '100 MAKEUP LOOKS,' and '100 FUN'—accurately align with the consumption preferences of local young people. As Rojen Wu, COO of the group's international business, emphasized, 'We respect young people's lifestyles, understand their diverse interests, and are willing to explore the infinite possibilities of trendy life with local young people in the future.' KK Group Expands Globally: Setting New Trends Worldwide KK Group remains committed to its globalization path while advancing localized operations for its brands in global markets. Going forward, the group will not only expand its store footprint but also strengthen localized operations. In different regional markets, it will adjust product assortments based on consumer preferences and enhance connections with local shoppers through localized marketing strategies, enabling the brands to better integrate into local lifestyles. In the future, KK Group aims to accelerate store expansion in Malaysia and across the globe, with plans to open 200 overseas stores by the end of 2025, while further deepening localized operations. This will ensure that, no matter where consumers are, they can experience the globally consistent trendy quality at KKV, The Colorist, and X11 stores, while also finding products that fit their local preferences. View source version on [email protected] KEYWORD: MALAYSIA SOUTHEAST ASIA ASIA PACIFIC INDUSTRY KEYWORD: COSMETICS RETAIL HOME GOODS FASHION SOURCE: KK Group Copyright Business Wire 2025. PUB: 07/21/2025 04:41 AM/DISC: 07/21/2025 04:41 AM
Hype Malaysia
18-06-2025
- Business
- Hype Malaysia
Pavilion Bukit Jalil Launches 'Mega Shopping Walk'; RM250,000 In Prizes & A JAECOO J7 Up For Grabs!
Time to shop till you drop, fam! Pavilion Bukit Jalil has announced its participation in the highly-anticipated Mega Sale Carnival 2025 by Tourism Malaysia under the theme 'Feast for the Senses.' Running from 15th June to 31st July 2025, this nationwide initiative celebrates Malaysia's rich tapestry of local food, culture, and retail experiences, inviting both domestic and international shoppers to indulge in a uniquely Malaysian shopping celebration. In alignment with this national campaign, Pavilion Bukit Jalil unveils its signature initiative: 'Mega Shopping Walk. Together, Here.' – a vibrant mall-wide celebration that seamlessly blends retail excitement with lifestyle rewards and cultural appreciation. This year's Mega Sale comes at a pivotal moment as Malaysia continues to revitalise domestic tourism and consumer spending. Through its participation, Pavilion Bukit Jalil amplifies Tourism Malaysia's economic stimulus efforts while reinforcing its position as a key family-friendly destination that champions local brands and experiences. 'The Malaysia Mega Sale is a wonderful opportunity to celebrate our diverse retail community. At Pavilion Bukit Jalil, we're proud to support our tenants by creating engaging experiences that bring shoppers together and spotlight the unique offerings throughout our mall.' said Dato' Joyce Yap, CEO of Retail, Kuala Lumpur Pavilion Sdn. Bhd. At the heart of Pavilion Bukit Jalil's campaign lies the Road to Rewards programme, featuring RM250,000 worth of prize and shopping vouchers. Shoppers who spend a minimum of RM250 can redeem RM10 shopping vouchers, with redemptions capped at RM50 per shopper, per day. Those who spend RM500 and above will also be eligible to enter the contest for a chance to walk away with the grand prize: a brand-new JAECOO J7. Recognising the growing lifestyle shift toward wellness and experiential retail, Pavilion Bukit Jalil introduces a walk-and-reward programme. Shoppers who achieve 10,000 steps within the mall premises will receive RM20 worth of F&B vouchers, perfectly blending shopping enjoyment with active living benefits. The initiative aligns with Pavilion Bukit Jalil's vision of creating immersive, healthier mall experiences that extend beyond traditional retail boundaries. With over 600 retail outlets, immersive art and cultural showcases, and diverse F&B offerings celebrating both local and international flavours, Pavilion Bukit Jalil is perfectly positioned to deliver an unforgettable Mega Sale Carnival experience for families, friends, and tourists alike. To maximise this rewarding experience, shoppers are encouraged to download the Pavilion Bukit Jalil mobile app and register as a member. The app provides seamless access to redeeming shopping and F&B vouchers as well as registering for the contest. Join Pavilion Bukit Jalil's 'Mega Shopping Walk. Together, Here.' – a celebration of unity, joy, and shared memories, Malaysian-style. Follow Pavilion Bukit Jalil on Instagram and Facebook for real-time updates and surprises, or contact Customer Service at 03 8092 8833 to find out more about ongoing promotions and redemptions. What's your Reaction? +1 0 +1 0 +1 0 +1 0 +1 0 +1 0
BusinessToday
17-06-2025
- Business
- BusinessToday
Mega Sale Madness Hits Pavilion Bukit Jalil
Pavilion Bukit Jalil has announced its participation in the highly anticipated Mega Sale Carnival 2025, organised by Tourism Malaysia under the theme 'Feast for the Senses.' Running from June 15 to July 31, this nationwide event celebrates Malaysia's rich cultural heritage, local cuisine, and vibrant retail scene. As part of the national push to boost domestic tourism and spending, Pavilion Bukit Jalil is offering a series of experiential activities, generous shopper rewards, and community-centric campaigns. The mall is positioning itself as a family-friendly hub that champions local brands while delivering immersive retail experiences. Central to Pavilion Bukit Jalil's participation is the Road to Rewards programme, which features a prize pool worth RM250,000. Shoppers who spend a minimum of RM250 can redeem RM10 in shopping vouchers, capped at RM50 per day. Those spending RM500 or more are eligible to enter a contest with the grand prize of a brand-new JAECOO J7 car. This initiative not only encourages spending but also supports local retailers during a crucial period of economic recovery. In response to the growing interest in wellness and experiential shopping, Pavilion Bukit Jalil has also launched a 'walk-and-reward' initiative. Shoppers who reach 10,000 steps within the mall can redeem RM20 worth of F&B vouchers, encouraging visitors to blend fitness with leisure and dining. With over 600 retail outlets, a wide array of F&B options celebrating both local and international flavours, and regular cultural showcases, Pavilion Bukit Jalil aims to be a one-stop destination for festive fun, food, and fashion throughout the Mega Sale period. To make the most of the Mega Sale Carnival, shoppers are encouraged to download the Pavilion Bukit Jalil mobile app. The app streamlines voucher redemptions and contest registrations, enhancing convenience and engagement. Pavilion Bukit Jalil invites everyone to join the 'Mega Shopping Walk. Together, Here.' campaign—an opportunity to shop, celebrate, and create memorable moments in the spirit of Malaysian togetherness. Related
