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

15 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

1,355,416 square feet

Number of Car Park Bays

2,391

Occupancy Rate as at 31 December 2022*

91.6%

Date of Acquisition

7 December 2011

Acquisition Price

RM3,190 million

Appraised Value

RM5,000 million

Date of Latest Valuation

31 December 2022

Independent Valuer

CBRE WTW Valuation & Advisory Sdn Bhd

Capitalisation Rate - Reversionary*

6.50%

Gross Revenue*

RM458 million

Net Property Income*

RM316 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 2022

Pavilion Kuala Lumpur, 168 Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia.

Trade Sector Analysis based on Net Lettable Area