PAVILION BUKIT JALIL

Year of Completion

2021

Age of Building

2 Years

Title

Geran 82227/M1/B2/1 Parcel No 1, Storey No B2, together with Accessory Parcel No(s) A1 to A27 (inclusive) and A29 to A135 (inclusive); and Geran 82227/M1/3/2, Parcel No 2, Storey No 3, together with Accessory Parcel No A28, both located within Building No M1, sited on Parent Lot 104303, Mukim Petaling, District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

Encumbrances

Charge to Alliance Bank Malaysia Berhad (pending endorsement)

Tenure

Interest in perpetuity for both titles

Gross Floor Area

3,595,275 square feet

Net Lettable Area

1,813,606 square feet

Number of Car Park Bays

4,800

Occupancy Rate as at 31 December 2023

88.1%

Date of Acquisition

1 June 2023

Acquisition Price

RM2,200 million

Appraised Value

RM2,210 million

Date of Latest Valuation

31 December 2023

Independent Valuer

Knight Frank Malaysia Sdn Bhd

Capitalisation Rate - Reversionary*

6.50%

Gross Revenue*

RM105 million (for 7 months)

Net Property Income*

RM53 million (for 7 months)

Ten Largest Tenants (Alphabetical Order)

Forever 21, Food Republic, Harvey Norman, Muji, OMG Home, Parkson, TGV Cinema, The Food Merchant, Tokyo Town, Tsutaya Books

*as at FYE 31 December 2023