DA MEN MALL

Five-storey retail mall together with a lower ground floor and two levels of basement car parks

Year of Completion

2015

Age of Building

7 years

Title

Geran 320023/M1-A/1/1, Building No M1-A, Storey No 1, Parcel No 1 on part of parent Lot 91576 Pekan Subang Jaya, Daerah Petaling, Negeri Selangor

Geran 320023/M1-A/1/2, Building No M1-A, Storey No 1, Parcel No 2 on part of parent Lot 91576 Pekan Subang Jaya, Daerah Petaling, Negeri Selangor

Encumbrances

Nil

Tenure

Interest in perpetuity

Gross Floor Area

732,925 square feet

Net Lettable Area

421,303 square feet

Number of Car Park Bays

1,638

Occupancy Rate as at 31 December 2022*

64.5%

Date of Acquisition

25 March 2016

Acquisition Price

RM487 million

Appraised Value

RM180 million

Date of Latest Valuation

31 December 2022

Independent Valuer

Knight Frank Malaysia Sdn Bhd

Capitalisation Rate - Reversionary*

6.50%

Gross Revenue*

RM13 million

Net Property Loss*

RM7 million

Top Largest Tenants (Alphabetical Order):

Big Pharmacy, BookXcess, Chi-X Fitness, Dadi Cinema, Grand Harbour Restaurant, Home’s Harmony, Jaya Grocer, Mr DIY, Music Box, Nam Heong Ipoh

* as at FYE 31 December 2022

Da:men USJ 1, Persiaran Kewajipan, USJ 1, 47600 Subang Jaya, Selangor Darul Ehsan