10-storey shopping mall with stratified parcels consisting of car park bays on Level B3 to Level 2 (‘Elite Pavilion’) interconnected to Pavilion Kuala Lumpur Mall via pedestrian link bridges and seating / retail areas on Level 4 to Level 10 (‘Extension-Connections’) and an underground pedestrian tunnel with retail outlets which contractual rights will expire on 10 October 2037 (‘Subway Linkage’)

Year of Completion


Age of Building

7 years


Geran 79872, Lot No 20027, Sekysen 57, Town and District of Kuala Lumpur, Negeri Wilayah Persekutuan KL for Elite Pavilion

Pajakan Negeri 53757, Lot 20020, Sekysen 63, Town and District of Kuala Lumpur, Negeri Wilayah Persekutuan KL for Extension-Connections




Interest in perpetuity for Elite Pavilion
99-year lease expiring on 26 October 2109 for Extension-Connections

Gross Floor Area

427,123 square feet

Net Lettable Area*

227,783 square feet

Number of Car Park Bays


Occupancy Rate as at 31 December 2023*


Date of Acquisition

27 April 2018

Acquisition Price

RM580 million

Appraised Value

RM550 million

Date of Latest Valuation

31 December 2023

Independent Valuer

Knight Frank Malaysia Sdn Bhd

Capitalisation Rate - Reversionary*

6.25% for Elite Pavilion

Gross Revenue*

RM75 million

Net Property Income*

RM47 million

Top Largest Tenants (Alphabetical Order):

Coach, COS “Collection of Style”, Cotton On, JD Sports King of Trainers, Haidilao Hotpot, Lukfook Jewellery, Lululemon, MAC, Muji & Café, Red Box Plus

*as at FYE 31 December 2023

166 Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia