PAVILION TOWER

20-storey office building together with 6 mechanical / electrical levels

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

243,288 square feet

Net Lettable Area

163,844 square feet

Occupancy Rate as at 31 December 2022*

72.8%

Date of Acquisition

7 December 2011

Acquisition Price

RM123 million

Appraised Value

RM130 million

Date of Latest Valuation

31 December 2022

Independent Valuer

CBRE WTW Valuation & Advisory Sdn Bhd

Capitalisation Rate - Reversionary*

6.50%

Gross Revenue*

RM10 million

Net Property Income*

RM4 million

Top Largest Tenants (Alphabetical Order):

Coach Malaysia Sdn Bhd, Clever Eagle Sdn Bhd, Gapadu Development Sdn Bhd, Impian Ekspresi Sdn Bhd, Khuan Choo Development Sdn Bhd, KL Pavilion Design Studio Sdn Bhd, KL Metro Sdn Bhd, KL Metro Property Sdn Bhd, Malton Berhad, Pan-Asia Property Management Sdn Bhd

* as at FYE 31 December 2022

75 Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia