Subang Parade


Subang Parade, once known as the “longest shopping centre in southeast Asia”, was the first ‘regional’ shopping centre in Selangor when it opened in 1988. Subang Parade has remained vibrant since then. It remains as one of Hektar REIT’s core assets, a dominant shopping centre within its catchment area, in the heart of Subang Jaya’s commercial district, a township 25 minutes away from Kuala Lumpur.

Positioning strategy

Subang Parade’s positioning strategy is neighbourhoodfocused, with an emphasis on its primary trade area which provides the centre with a ‘captive’ customer base. The appeal of the shopping centre lies in its ability to provide value and convenience to its shoppers.

Asset Enhancement

At the moment, Subang Parade is undergoing a round of major tenancy remixing to refresh its offerings of daily shopping, services, entertainment and F&B. Asset Enhancement Initiatives (“AEIs”) initially planned are being reviewed to reflect changes in the market place.

Title Freehold
Year opened 1988
Year acquired by Hektar REIT 2006
Year refurbished 2006-2007 / in planning
No. 5, Jalan SS 16/1, Subang Jaya
47500 Petaling Jaya
Selangor

Data as of 31 December 2018

Primary trade area 1,834,000 within 20 minutes drive time
Gross floor area 1,169,038 square foot
Net lettable area 508,876 square foot
Car park 1,288 bays
Acquisition price RM280.0 million
Valuation RM437.0 million
Tenants 113 (only NLA lots)
Occupancy 88.2%
Visitor traffic 7.8 million per annum
  • Parkson
  • MBO
  • Best Denki
  • Digital One
  • Celebrity Fitness

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 283,492 55.5% 38.0%
Other tenants 227,331 44.5% 62.0%
Total 510,823 100.0% 100.0%
1 Parkson Department Store/Supermarket 140,620 27.5% 16.1%
2 MBO Cinemas Leisure & Entertainment/Sports & Fitness 30,258 5.9% 4.0%
3 Digital One Electronics & IT 21,361 4.2% 3.3%
4 Celebrity Fitness Leisure & Entertainment/Sports & Fitness 21,646 4.2% 3.0%
5 Best Denki Electronics & IT 24,739 4.8% 2.6%
6 Voir Fashion & Footwear 4,387 0.9% 2.0%
7 MPH Gifts/Books/Toys/Specialty 14,908 2.9% 2.0%
8 Overseas Restaurant Food & Beverage 14,076 2.8% 1.8%
9 Yamaha Music Education/Service 6,933 1.4% 1.6%
10 World of Sports Leisure & Entertainment/Sports & Fitness 4,564 0.9% 1.6%
Parkson
Department Store/Supermarket
140,620 square foot NLA
27.5% of total NLA
16.1% of monthly rental income
MBO Cinemas
Leisure & Entertainment/Sports & Fitness
30,258 square foot NLA
5.9% of total NLA
4.0% of monthly rental income
Digital One
Electronics & IT
21,361 square foot NLA
4.2% of total NLA
3.3% of monthly rental income
Celebrity Fitness
Leisure & Entertainment/Sports & Fitness
21,646 square foot NLA
4.2% of total NLA
3.0% of monthly rental income
Best Denki
Electronics & IT
24,739 square foot NLA
4.8% of total NLA
2.6% of monthly rental income
Voir
Fashion & Footwear
4,387 square foot NLA
0.9% of total NLA
2.0% of monthly rental income
MPH
Gifts/Books/Toys/Specialty
14,908 square foot NLA
2.9% of total NLA
2.0% of monthly rental income
Overseas Restaurant
Food & Beverage
14,076 square foot NLA
2.8% of total NLA
1.8% of monthly rental income
Yamaha Music
Education/Service
6,933 square foot NLA
1.4% of total NLA
1.6% of monthly rental income
World of Sports
Leisure & Entertainment/Sports & Fitness
4,564 square foot NLA
0.9% of total NLA
1.6% of monthly rental income
Top 10 tenants (by monthly rental income)
283,492 square foot NLA
55.5% of total NLA
38.0% of monthly rental income
Other tenants
227,331 square foot NLA
44.5% of total NLA
62.0% of monthly rental income
Total
510,823 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2018

Subang Parade’s tenancy mix

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Tenancy expiry profile

  2019 2020 2021
No. of tenancies expiring 62 30 21
NLA of tenancies expiring 166,558 square feet 85,388 square feet 198,773 square feet
NLA of tenancies expiring as % of total NLA 32% 17% 39%
% of total monthly rental income[3] 24% 24% 32%

[3] Based on monthly rental income for December 2018

Mahkota Parade



Mahkota Parade was the first ‘regional’ shopping centre located in the heart of historic Melaka.

Today, it houses some of the latest new brands such as MAC, Tony Roma’s, L’Occitane, Kiehl’s, Starbucks Coffee, JD Sports, LOL and many more, attracting tourists and residents from neighboring towns and states.

Positioning strategy

Mahkota Parade is positioned as the premier shopping centre in Melaka with the established Parkson Department Store as its anchor. The centre also serves as the main destination for major community events, tourist events, and exhibitions.

Asset Enhancement

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.

Title Leasehold (until 2101)
Year opened 1994
Year acquired by Hektar REIT 2006
Year refurbished 2010
No. 1 Jalan Merdeka
75000 Bandar Melaka
Melaka

Data as of 31 December 2018

Primary trade area 382,200 within 20 minutes drive time
Gross floor area 1,392,623 square foot
Net lettable area 519,542 square foot
Car park 1,079 bays
Acquisition price RM232.0 million
Valuation RM328.0 million
Tenants 115 (only NLA lots)
Occupancy 96.0%
Visitor traffic 8.3 million per annum
  • Parkson
  • Giant
  • Ampang Superbowl
  • Seleria
  • MM2 StarScreen
  • JD Sports

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 260,309 50.0% 36.5%
Other tenants 259,233 50.0% 63.5%
Total 519,542 100.0% 100.0%
1 Parkson Department Store/Supermarket 113,389 21.8% 12.5%
2 Seleria Food & Beverage 36,511 7.0% 7.7%
3 Ampang Superbowl Leisure & Entertainment/Sports & Fitness 36,717 7.1% 2.9%
4 JD Sports Leisure & Entertainment/Sports & Fitness 5,942 1.1% 2.5%
5 KFC Food & Beverage 5,403 1.0% 2.1%
6 Guardian Health & Beauty 3,800 0.7% 1.9%
7 Aeon Wellness Health & Beauty 4,112 0.8% 1.9%
8 MM2 Star Screen Leisure & Entertainment/Sports & Fitness 28,090 5.4% 1.7%
9 Kaison Homewares & Furnishing 9,655 1.9% 1.7%
10 MR. D.I.Y. Homewares & Furnishing 16,690 3.2% 1.6%
Parkson
Department Store/Supermarket
113,389 square foot NLA
21.8% of total NLA
12.5% of monthly rental income
Seleria
Food & Beverage
36,511 square foot NLA
7.0% of total NLA
7.7% of monthly rental income
Ampang Superbowl
Leisure & Entertainment/Sports & Fitness
36,717 square foot NLA
7.1% of total NLA
2.9% of monthly rental income
JD Sports
Leisure & Entertainment/Sports & Fitness
5,942 square foot NLA
1.1% of total NLA
2.5% of monthly rental income
KFC
Food & Beverage
5,403 square foot NLA
1.0% of total NLA
2.1% of monthly rental income
Guardian
Health & Beauty
3,800 square foot NLA
0.7% of total NLA
1.9% of monthly rental income
Aeon Wellness
Health & Beauty
4,112 square foot NLA
0.8% of total NLA
1.9% of monthly rental income
MM2 Star Screen
Leisure & Entertainment/Sports & Fitness
28,090 square foot NLA
5.4% of total NLA
1.7% of monthly rental income
Kaison
Homewares & Furnishing
9,655 square foot NLA
1.9% of total NLA
1.7% of monthly rental income
MR. D.I.Y.
Homewares & Furnishing
16,690 square foot NLA
3.2% of total NLA
1.6% of monthly rental income
Top 10 tenants (by monthly rental income)
260,309 square foot NLA
50.0% of total NLA
36.5% of monthly rental income
Other tenants
259,233 square foot NLA
50.0% of total NLA
63.5% of monthly rental income
Total
519,542 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2018

Mahkota Parade’s tenancy mix

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Tenancy expiry profile

  2019 2020 2021
No. of tenancies expiring 65 27 23
NLA of tenancies expiring 272,261 square feet 187,765 square feet 38,480 square feet
NLA of tenancies expiring as % of total NLA 52% 36% 8%
% of total monthly rental income[3] 50% 35% 15%

[3] Based on monthly rental income for December 2018

Wetex Parade



Wetex Parade is an integrated retail and hotel development located within the commercial district of Muar, Johor. Opened in 1996, Wetex Parade remains as the only department store anchored shopping centre in town and serves as the premier retail destination for the Muar area. Wetex Parade was Hektar REIT’s maiden acquisition in 2008 after the listing in 2006.

Positioning strategy

The shopping centre is also known as a destination for jewellery with more than 5 shops selling gold and jewellery, serving the northwestern Johor market.

Classic Hotel, the hotel adjoining to Wetex Parade is one of the largest hotels with the largest ballroom facilities in Muar. Hektar has recently taken over the management of the hotel upon the expiry of the lease agreement with the previous operator.

Asset Enhancement

The hotel temporarily closed for refurbishment and resumed its operations in December 2018. The hotel has also been reconfigured to allow for an increase of NLA and “Little Muar”, a favourite café destination serving the famous “434 coffee” opened for business in January 2019.

Title Freehold
Year opened 1996
Year acquired by Hektar REIT 2008
Year refurbished 2010 (mall AEI)
2018 (hotel)
69 Jalan Ali, Off Jalan Sulaiman
84000 Muar
Johor

Data as of 31 December 2018

Primary trade area 201,600 within 20 minutes drive time
Gross floor area 281,590 square foot
Net lettable area 171,305 square foot
Classic Hotel GFA 125,931 square foot
Car park 175 bays
Acquisition price RM117.5 million
Valuation RM138.5 million
Tenants 72 (only NLA lots)
Occupancy 98.5%
Visitor traffic 4.3 million per annum
  • The Store
  • Popular Bookstore

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 117,320 70.0% 48.2%
Other tenants 50,441 30.0% 51.8%
Total 167,761 100.0% 100.0%
1 The Store Department Store/Supermarket 85,413 50.9% 25.1%
2 Watson’s Health & Beauty 2,027 1.2% 4.2%
3 Guardian Health & Beauty 2,949 1.8% 3.0%
4 MR. D.I.Y. Homewares and Furnishing 9,577 5.7% 2.8%
5 McDonald's Food & Beverage 2,489 1.5% 2.7%
6 Popular Bookstore Gifts/Books/Toys/Specialty 7,190 4.3% 2.3%
7 Tanjongmas Bookcentre Gifts/Books/Toys/Specialty 4,037 2.4% 2.2%
8 Sukan Muara Leisure & Entertainment/Sports & Fitness 1,356 0.8% 2.1%
9 Fabiano Ricco / Ecco Fashion & Footwear 1,259 0.8% 1.9%
10 Pao Sing Gifts/Books/Toys/Specialty 1,023 0.6% 1.9%
The Store
Department Store/Supermarket
85,413 square foot NLA
50.9% of total NLA
25.1% of monthly rental income
Watson’s
Health & Beauty
2,027 square foot NLA
1.2% of total NLA
4.2% of monthly rental income
Guardian
Health & Beauty
2,949 square foot NLA
1.8% of total NLA
3.0% of monthly rental income
MR. D.I.Y.
Homewares and Furnishing
9,577 square foot NLA
5.7% of total NLA
2.8% of monthly rental income
McDonald's
Food & Beverage
2,489 square foot NLA
1.5% of total NLA
2.7% of monthly rental income
Popular Bookstore
Gifts/Books/Toys/Specialty
7,190 square foot NLA
4.3% of total NLA
2.3% of monthly rental income
Tanjongmas Bookcentre
Gifts/Books/Toys/Specialty
4,037 square foot NLA
2.4% of total NLA
2.2% of monthly rental income
Sukan Muara
Leisure & Entertainment/Sports & Fitness
1,356 square foot NLA
0.8% of total NLA
2.1% of monthly rental income
Fabiano Ricco / Ecco
Fashion & Footwear
1,259 square foot NLA
0.8% of total NLA
1.9% of monthly rental income
Pao Sing
Gifts/Books/Toys/Specialty
1,023 square foot NLA
0.6% of total NLA
1.9% of monthly rental income
Top 10 tenants (by monthly rental income)
117,320 square foot NLA
70.0% of total NLA
48.2% of monthly rental income
Other tenants
50,441 square foot NLA
30.0% of total NLA
51.8% of monthly rental income
Total
167,761 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2018

Wetex Parade’s tenancy mix

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Tenancy expiry profile

  2019 2020 2021
No. of tenancies expiring 34 10 28
NLA of tenancies expiring 114,443 square feet 13,782 square feet 37,075 square feet
NLA of tenancies expiring as % of total NLA 68% 8% 22%
% of total monthly rental income[3] 52% 12% 36%

[3] Based on monthly rental income for December 2018

Central Square



Completed in 1997, Central Square is the most established retail centre in Sungai Petani and is considered as one of the most recognisable landmarks in town. Central Square was acquired by Hektar REIT in 2012.

Positioning strategy

Strategically situated in the town centre, Central Square is the leading neighbourhood mall that caters to its immediate surrounding community. It is also noted as the centre to purchase IT and electronic items in the area.

Asset Enhancement

In 2015, Central Square completed its refurbishment and asset enhancement initiatives with a modern façade, brighter interior and a brand new 8-screen cinema.

Title Freehold
Year opened 1997
Year acquired by Hektar REIT 2012
Year refurbished 2015
23, Jalan Kampung Baru
08000 Sungai Petani
Kedah

Data as of 31 December 2018

Primary trade area 406,870 within 20 minutes drive time
Gross floor area 743,117 square foot
Net lettable area 310,152 square foot
Car park 478 bays
Acquisition price RM83.0 million
Valuation RM96.0 million
Tenants 64 (only NLA lots)
Occupancy 96.9%
Visitor traffic 4.5 million per annum
  • The Store
  • Perfect Mobile Village
  • MBO
  • PBA Premier Bowl
  • CP Amusement

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 245,089 79.0% 62.5%
Other tenants 65,475 21.0% 37.5%
Total 310,564 100.0% 100.0%
1 The Store Department Store/Supermarket 130,000 41.9% 31.7%
2 MBO Cinemas Leisure & Entertainment/Sports & Fitness 34,412 11.1% 6.1%
3 Perfect Mobile Village Electronics & IT 13,229 4.3% 5.5%
4 KFC Food & Beverage 3,619 1.2% 3.4%
5 CP Amusement Leisure & Entertainment/Sports & Fitness 13,452 4.3% 3.2%
6 PBA Premier Bowl Leisure & Entertainment/Sports & Fitness 25,000 8.0% 3.1%
7 Studio Fashion & Footwear 6,563 2.1% 2.6%
8 Popular Bookstore Gifts/Books/Toys/Specialty 6,450 2.1% 2.5%
9 MR. D.I.Y. Homewares & Furnishing 11,968 3.9% 2.4%
10 Time Master Fashion & Footwear 396 0.1% 2.0%
The Store
Department Store/Supermarket
130,000 square foot NLA
41.9% of total NLA
31.7% of monthly rental income
MBO Cinemas
Leisure & Entertainment/Sports & Fitness
34,412 square foot NLA
11.1% of total NLA
6.1% of monthly rental income
Perfect Mobile Village
Electronics & IT
13,229 square foot NLA
4.3% of total NLA
5.5% of monthly rental income
KFC
Food & Beverage
3,619 square foot NLA
1.2% of total NLA
3.4% of monthly rental income
CP Amusement
Leisure & Entertainment/Sports & Fitness
13,452 square foot NLA
4.3% of total NLA
3.2% of monthly rental income
PBA Premier Bowl
Leisure & Entertainment/Sports & Fitness
25,000 square foot NLA
8.0% of total NLA
3.1% of monthly rental income
Studio
Fashion & Footwear
6,563 square foot NLA
2.1% of total NLA
2.6% of monthly rental income
Popular Bookstore
Gifts/Books/Toys/Specialty
6,450 square foot NLA
2.1% of total NLA
2.5% of monthly rental income
MR. D.I.Y.
Homewares & Furnishing
11,968 square foot NLA
3.9% of total NLA
2.4% of monthly rental income
Time Master
Fashion & Footwear
396 square foot NLA
0.1% of total NLA
2.0% of monthly rental income
Top 10 tenants (by monthly rental income)
245,089 square foot NLA
79.0% of total NLA
62.5% of monthly rental income
Other tenants
65,475 square foot NLA
21.0% of total NLA
37.5% of monthly rental income
Total
310,564 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2018

Central Square’s tenancy mix

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Tenancy expiry profile

  2019 2020 2021
No. of tenancies expiring 28 20 16
NLA of tenancies expiring 78,266 square feet 41,113 square feet 181,480 square feet
NLA of tenancies expiring as % of total NLA 25% 13% 59%
% of total monthly rental income[3] 36% 16% 48%

[3] Based on monthly rental income for December 2018

Kulim Central



Kulim Central, opened in 2009, is the only shopping centre in Kulim. It was acquired by Hektar REIT in 2012.

Positioning strategy

With anchor tenants including The Store and Giant, a wide variety of F&B, fashion and telecommunication stores, the shopping centre has become the preferred destination for Kulim residents. Two of its mini anchors – MBO and Ole Ole Superbowl, are the only cinema and bowling centre in Kulim. This allows Kulim Central to capitalise on its unique selling proposition as an allencompassing neighbourhood mall.

Asset Enhancement

In 2017, a major refurbishment and AEI was carried out which resulted in an approximate addition of 22,000 sq ft of new NLA space. Following the refurbishment, the mall was rebranded from Landmark Central to Kulim Central. The initiative also introduced a modern food court and overall improvement of the exterior of the shopping centre. Since the completion of the AEI, the centre has enjoyed an 81.8% increase in footfall to 4.0 million annual visits. The transformation has brought about new brands such as Starbucks Coffee, Texas Chicken, XES Signature, Mee Tarik Warisan Asli, The Chicken Rice Shop and Bread History into the shopping centre.

Title Freehold
Year opened 2009
Year acquired by Hektar REIT 2012
Year refurbished 2017
No. 1 Jalan KLC Satu (1)
09000 Kulim
Kedah

Data as of 31 December 2018

Primary trade area 287,694 within 20 minutes drive time
Gross floor area 513,333 square foot
Net lettable area 299,613 square foot
Car park 610 bays
Acquisition price RM98.0 million
Valuation RM115.0 million
Tenants 79 (only NLA lots)
Occupancy 93.5%
Visitor traffic 4.0 million per annum
  • Giant
  • The Store
  • MBO
  • Ole Ole Super Bowl
  • SEC

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 209,354 69.9% 45.7%
Other tenants 90,259 30.1% 54.3%
Total 299,613 100.0% 100.0%
1 Giant Superstore Department Store/Supermarket 72,140 24.1% 14.7%
2 The Store Department Store/Supermarket 57,785 19.3% 8.5%
3 Seleria Food Court Food & Beverage 4,230 1.4% 5.1%
4 MBO Cinemas Leisure & Entertainment/Sports & Fitness 24,000 8.0% 4.3%
5 Ole Ole Super Bowl Leisure & Entertainment/Sports & Fitness 23,670 7.9% 2.9%
6 Hasani Bookstore Gifts/Books/Toys/Specialty 5,228 1.7% 2.4%
7 MR.D.I.Y. Homewares & Furnishing 11,711 3.9% 2.2%
8 Pizza Hut Food & Beverage 3,530 1.2% 1.9%
9 KFC Food & Beverage 3,530 1.2% 1.9%
10 Texas Chicken Food & Beverage 3,530 1.2% 1.8%
Giant Superstore
Department Store/Supermarket
72,140 square foot NLA
24.1% of total NLA
14.7% of monthly rental income
The Store
Department Store/Supermarket
57,785 square foot NLA
19.3% of total NLA
8.5% of monthly rental income
Seleria Food Court
Food & Beverage
4,230 square foot NLA
1.4% of total NLA
5.1% of monthly rental income
MBO Cinemas
Leisure & Entertainment/Sports & Fitness
24,000 square foot NLA
8.0% of total NLA
4.3% of monthly rental income
Ole Ole Super Bowl
Leisure & Entertainment/Sports & Fitness
23,670 square foot NLA
7.9% of total NLA
2.9% of monthly rental income
Hasani Bookstore
Gifts/Books/Toys/Specialty
5,228 square foot NLA
1.7% of total NLA
2.4% of monthly rental income
MR.D.I.Y.
Homewares & Furnishing
11,711 square foot NLA
3.9% of total NLA
2.2% of monthly rental income
Pizza Hut
Food & Beverage
3,530 square foot NLA
1.2% of total NLA
1.9% of monthly rental income
KFC
Food & Beverage
3,530 square foot NLA
1.2% of total NLA
1.9% of monthly rental income
Texas Chicken
Food & Beverage
3,530 square foot NLA
1.2% of total NLA
1.8% of monthly rental income
Top 10 tenants (by monthly rental income)
209,354 square foot NLA
69.9% of total NLA
45.7% of monthly rental income
Other tenants
90,259 square foot NLA
30.1% of total NLA
54.3% of monthly rental income
Total
299,613 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2018

Kulim Central’s tenancy mix

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Tenancy expiry profile

  2019 2020 2021
No. of tenancies expiring 36 23 20
NLA of tenancies expiring 93,741 square feet 36,541 square feet 149,773 square feet
NLA of tenancies expiring as % of total NLA 31% 12% 50%
% of total monthly rental income[3] 40% 21% 39%

[3] Based on monthly rental income for December 2018

Segamat Central



The latest addition to Hektar REIT’s portfolio of shopping centres, Segamat Central (formerly known as 1Segamat Mall) is the only purpose-built shopping centre in Segamat. It has the only cinema in Segamat, a direct link to Segamat’s main bus terminal, and is within walking distance of the town’s KTM railway station.

Positioning strategy

The most anticipated change in 2018 was in the fourth quarter, when anchor TF Value Mart was introduced to the shopping centre. Since its opening in November, it has received very encouraging response from Segamat shoppers.

Asset Enhancement

Hektar is currently conducting a primary market research exit survey and following further analysis of the survey results will plan for the centre’s refurbishment and Asset Enhancement Initiatives in 2019.

Title Leasehold (until 2116)
Year opened 2011
Year acquired by Hektar REIT 2017
Year refurbished In planning
Jalan Kolam Air, Kampung Gubah
85000 Segamat
Johor

Data as of 31 December 2018

Primary trade area 190,000 within 20 minutes drive time
Gross floor area 486,789 square foot
Net lettable area 220,768 square foot
Car park 412 bays
Acquisition price RM106.1 million
Valuation RM107.0 million
Tenants 49 (only NLA lots)
Occupancy 78.6%
Visitor traffic 3.2 million per annum
  • TF ValueMart
  • MM Cineplexes
  • MR. D.I.Y

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 122,832 56.6% 52.2%
Other tenants 93,672 43.4% 47.8%
Total 216,504 100.0% 100.0%
1 MM Cineplexes Leisure & Entertainment/Sports & Fitness 35,908 16.6% 15.8%
2 TF Value Mart Department Store/Supermarket 56,800 26.2% 10.6%
3 MR. D.I.Y. Homewares & Furnishing 13,700 6.3% 6.0%
4 Dees Fashion & Footwear 1,985 0.9% 3.5%
5 AD Jeans Fashion & Footwear 3,261 1.5% 3.1%
6 XES Premium Fashion & Footwear 1,991 0.9% 3.1%
7 Aeon Wellness Health & Beauty 1,551 0.7% 2.8%
8 Guardian Health & Beauty 1,615 0.7% 2.6%
9 Popular Bookstore Gifts/Books/Toys/Specialty 4,913 2.3% 2.4%
10 Oppo Electronics & IT 1,108 0.5% 2.3%
MM Cineplexes
Leisure & Entertainment/Sports & Fitness
35,908 square foot NLA
16.6% of total NLA
15.8% of monthly rental income
TF Value Mart
Department Store/Supermarket
56,800 square foot NLA
26.2% of total NLA
10.6% of monthly rental income
MR. D.I.Y.
Homewares & Furnishing
13,700 square foot NLA
6.3% of total NLA
6.0% of monthly rental income
Dees
Fashion & Footwear
1,985 square foot NLA
0.9% of total NLA
3.5% of monthly rental income
AD Jeans
Fashion & Footwear
3,261 square foot NLA
1.5% of total NLA
3.1% of monthly rental income
XES Premium
Fashion & Footwear
1,991 square foot NLA
0.9% of total NLA
3.1% of monthly rental income
Aeon Wellness
Health & Beauty
1,551 square foot NLA
0.7% of total NLA
2.8% of monthly rental income
Guardian
Health & Beauty
1,615 square foot NLA
0.7% of total NLA
2.6% of monthly rental income
Popular Bookstore
Gifts/Books/Toys/Specialty
4,913 square foot NLA
2.3% of total NLA
2.4% of monthly rental income
Oppo
Electronics & IT
1,108 square foot NLA
0.5% of total NLA
2.3% of monthly rental income
Top 10 tenants (by monthly rental income)
122,832 square foot NLA
56.6% of total NLA
52.2% of monthly rental income
Other tenants
93,672 square foot NLA
43.4% of total NLA
47.8% of monthly rental income
Total
216,504 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2018

Segamat Central’s tenancy mix

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Tenancy expiry profile

  2019 2020 2021
No. of tenancies expiring 20 13 16
NLA of tenancies expiring 41,518 square feet 43,625 square feet 84,946 square feet
NLA of tenancies expiring as % of total NLA 19% 20% 39%
% of total monthly rental income[3] 30% 33% 37%

[3] Based on monthly rental income for December 2018