PAVILION KUALA LUMPUR MALL
7-storey shopping mall (including 4 split-levels of car parking bays together with a 3-storey retail office block sited atop and annexed with a 4-storey retail/entertainment connection block) and 3 levels of basement car parks.
Year of Completion
2007
Age of Building
16 years
Title
Pajakan Negeri 53757 Lot 20020,
Sekysen 63, Town and
District of Kuala Lumpur,
Negeri Wilayah Persekutuan KL
Encumbrances
Private caveats have been lodged in favour of MTrustee Berhad and Alliance Investment Bank Berhad
Tenure
99-year lease expiring on 26 October 2109
Gross Floor Area
2,356,397 square feet
Net Lettable Area*
1,347,093 square feet
Number of Car Park Bays
2,391
Occupancy Rate as at 31 December 2023*
95.2%
Date of Acquisition
7 December 2011
Acquisition Price
RM3,190 million
Appraised Value
RM5,150 million
Date of Latest Valuation
31 December 2023
Independent Valuer
Knight Frank Malaysia Sdn Bhd
Capitalisation Rate - Reversionary*
6.50%
Gross Revenue*
RM496 million
Net Property Income*
RM354 million
Top Largest Tenants (Alphabetical Order):
Cartier, Dadi Cinema, Food Republic, Forever 21, Hermes, Mercato, Padini Concept Store, Parkson Elite, Richard Mille, Zara
* as at FYE 31 December 2023
Pavilion Kuala Lumpur, 168 Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia.
Trade Sector Analysis based on Net Lettable Area
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