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Our Portfolio

Gurney Plaza is located along Gurney Drive in Penang, a popular destination for both tourists and locals. It is the premier lifestyle shopping mall in Penang and is connected to G Hotel, a modern concept designer hotel.


  Gurney Plaza (1)
Tenure Freehold
Independent valuation(2) RM1,295.0 million
Purchase consideration RM1,015.0 million(3)
Gross floor area(4) 1,226,709 sq ft
Number of car park bays(4) Approximately 1,836
Net lettable area (4) 887,400 sq ft
Number of leases(4) 396
Committed occupancy rate(4) 97.6%
Shopper traffic for 2014 16.1 million

  1. Including Gurney Plaza Extension.
  2. Based on the valuation as at 31 December 2014 commissioned by AmTrusree, trustee of CMMT.
  3. Equal to RM800.0 million for Gurney Plaza and RM215.0 million for Gurney Plaza Extension.
  4. As at 31 March 2015.