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Subang Parade

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Subang Parade was the first ‘regional’ shopping centre in Selangor when it was opened in 1988. The centre is located in the heart of Subang Jaya’s commercial district, a township which is 25 minutes drive from Kuala Lumpur.

Subang Parade’s positioning strategy is neighbourhoodfocused, with an emphasis on its primary trade area. This market focus provides the centre with a captive customer base, whose needs are met by a tenant mix offering value and convenience. In 2011, the introduction of a cinema has further enhanced the tenant mix of the centre, bringing us closer to our purpose in meeting customers’ needs.

Subang Parade will undergo an asset enhancement initiative ("AEI") this year with creation of new net lettable area of 20,000 sq ft. The AEI is expected to complete in 2018.

Location No. 5 Jalan SS 16/1, Subang Jaya
47500 Petaling Jaya
Selangor
Title Freehold
Primary Trade Area 1,834,000 within 20-mins drive time
Gross Floor Area 1,169,038 sq ft
Net Lettable Area 507,150 sq ft
Car Park 1,288
Valuation RM427.2 million
Tenants* 122
Key Tenants Parkson, Celebrity Fitness, MBO Cinemas, Best Denki, Digital One, TGIF
Occupancy 93.0%
Visitor Traffic 9.2 million per annum
Year Opened 1988
Year Acquired by REIT 2006

Data as of 31 December 2016. * Only NLA Lots


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Subang Parade's Top Ten Tenants


Tenant Trade Sector NLA (sq ft) % of Total
NLA
% of Monthly
Rental Income*
1 Parkson Department Store/Supermarket 140,620 27.7% 14.2%
2 Digital One Electronics & IT 21,361 4.2% 2.9%
3 Celebrity Fitness Leisure & Entertainment/Sport & Fitness 21,646 4.3% 2.8%
4 Bata Fashion & Footwear 4,597 0.9% 2.6%
5 Best Denki Electronics & IT 24,739 4.9% 2.4%
6 TGI Friday’s Food & Beverage 5,655 1.1% 2.0%
7 Kenny Roger Roasters Food & Beverage 3,610 0.7% 2.0%
8 MBO Cinemas Leisure & Entertainment/Sport & Fitness 25,293 5.0% 1.9%
9 The Reject Shop Fashion & Footwear 9,192 1.8% 1.8%
10 MPH Bookstores Gifts/Books/Toys/Specialty 14,908 2.9% 1.8%
  Top 10 Tenants (By Monthly Rental Income) 271,621 53.5% 34.4%
  Other Tenants 235,529 46.5% 65.6%
  Total 507,150 100.0% 100.0%

* Based on monthly rental income for December 2016.

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Subang Parade's Tenancy Mix

* Based on monthly rental income for December 2016

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Subang 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 69 209,812 41% 54%
FY 2018 26 194,671 38% 29%
FY 2019 29 62,136 12% 17%

*Based on monthly rental income for December 2016.

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