6-storey retail podium with a roof pavilion together with 367 designated car parking bays
Year of Completion
Refurbished in 2012
Age of Building
11 years
Title
Geran 75638/M1/B3/2, Parcel No 2, Storey No B3, Building No M1 on part of parent Lot 20000 Seksyen 43, Bandar Kuala Lumpur, Negeri Wilayah Persekutuan
Encumbrances
Nil
Tenure
Interest in perpetuity
Gross Floor Area
337,427 square feet
Net Lettable Area*
222,383 square feet
Number of Car Park Bays
367
Occupancy Rate as at 31 December 2023*
89.8%
Date of Acquisition
25 March 2016
Acquisition Price
RM160 million
Appraised Value
RM190 million
Date of Latest Valuation
31 December 2023
Independent Valuer
CBRE WTW Valuation & Advisory Sdn Bhd
Capitalisation Rate - Reversionary*
6.50%
Gross Revenue*
RM25 million
Net Property Income*
RM11 million
Top Largest Tenants (Alphabetical Order):
Hanare, Hua Wei, In Colonial, Jaya Grocer, McDonald’s, MST Golf, Oriental Landmark, Primrose Hill Active Learning, SportsDirect.com, Tsutaya Bookstore Intermark
* as at FYE 31 December 2023
Intermark Mall, The Intermark, 348, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.