Pavilion Real Estate Investment Trust (KLSE:PAVREIT) is looking for acquisition opportunities. PAVILION Real Estate may be looking at buying developmental projects, possibly Pavilion Bukit Jalil and Pavilion Damansara Heights, taking advantage of the new guidelines proposed by the Securities Commission Malaysia (SC), which will allow the participation of REITs in greenfield projects. The Edge also understands that a valuer has been hired to look at the soon-to-open Pavilion Extension in Jalan Bukit Bintang with a view to injecting the asset into PavREIT, which is controlled by Tan Sri Desmond Lim Siew Choon. Apart from the Pavilion Extension, industry sources say PavREIT could be looking at retail mall Fahrenheit 88 as a prospect as well.