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Mahkota Parade

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Mahkota Parade was the first ‘regional’ shopping centre located in the commercial and tourist centre situated in the heart of Melaka town.

Mahkota Parade is positioned as the leading shopping centre in the Melaka region. The centre also serves as a key destination for major community events and exhibitions.

Mahkota Parade was re-launched on May 1, 2010, following a complete refurbishment. The revitalised shopping centre improved the overall shopping experience for customers.

A further expansion at the cinema was completed in 2015, where the number of screens was increased from four to ten. These are part of Hektar’s continuing efforts to invest in the Melaka market and maintain Mahkota Parade as the leading shopping centre in the state.

Location No. 1 Jalan Merdeka
75000 Bandar Melaka
Melaka
Title Leasehold (Until 2101)
Primary Trade Area 382,200 within 20-mins drive time
Gross Floor Area 1,392,623 sq ft
Net Lettable Area 519,542 sq ft
Car Park 1,079
Valuation RM322.4 million
Tenants* 106
Key Tenants Parkson, Seleria, Giant, MIXX, LFS
Occupancy 96.4%
Visitor Traffic 9.4 million per annum
Year Opened 1994
Year Acquired by REIT 2006

Data as of 31 December 2016. * Only NLA Lots


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Mahkota Parade

Mahkota Parade's Top Ten Tenants


Tenant Trade Sector NLA (sq ft) % of Total
NLA
% of Monthly
Rental Income*
1 Parkson Department Store/Supermarket 113,389 21.8% 12.3%
2 Seleria Food & Beverage 35,468 6.8% 7.8%
3 Ampang Superbowl Leisure & Entertainment/Sport & Fitness 36,717 7.1% 2.7%
4 LFS Cinemas Leisure & Entertainment/Sport & Fitness 43,496 8.4% 2.6%
5 McDonald’s Food & Beverage 5,942 1.1% 2.2%
6 KFC Food & Beverage 5,403 1.0% 2.1%
7 Darling Fashion & Footwear 2,529 0.5% 2.0%
8 Guardian Services 3,800 0.7% 1.7%
9 Kaison Homewares & Furnishing 9,655 1.9% 1.6%
10 Reject Shop Fashion & Footwear 5,748 1.1% 1.5%
  Top 10 Tenants (By Monthly Rental Income) 262,147 50.4% 36.5%
  Other Tenants 257,395 49.6% 63.5%
  Total 519,542 100.0% 100.0%

* Based on monthly rental income for December 2016

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Mahkota Parade's

Tenancy Mix

* Based on monthly rental income for December 2016

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Mahkota Parade's Expiry Profile


For Year Ending
31 December
No. of Tenancies
Expiring
NLA of Tenancies
Expiring
(sq ft)
NLA of Tenancies
Expiring as % of
Total NLA
% of Total Monthly
Rental Income*
FY 2017 52 308,045 59% 60%
FY 2018 40 120,680 23% 21%
FY 2019 27 72,061 14% 19%

* Based on monthly rental income for December 2016.

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