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Gurney Plaza (1) Sungei Wang Plaza Property The Mines East Coast Mall Portfolio
Title details H.S.(D) 17259 Lot 5626 Seksyen 1, Bandar George Town, Daerah Timur Laut, Negeri Pulau Pinang and Geran 130393 Lot 5628 Seksyen 1, Bandar George Town, Daerah Timor Laut, Negeri Pulau Pinang 205 parcels, each with individual strata title, in the building erected on the land held under master title GRN 11043, Lot 1197 Seksyen 0067, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur (2) No. H.S.(D) 59894, No. P.T. 16722, Mukim Petaling, Negeri Selangor Darul Ehsan No. H.S.(D) 28468, P.T. No. 92050, Bandar Kuantan, Daerah Kuantan, Negeri Pahang Darul Makmur Not applicable
Tenure Freehold Freehold Leasehold of 99 years expiring on 20 March 2091 Leasehold of 99 years expiring on 18 December 2106 Not applicable
Independent valuation(3) RM1,295.0 million RM824.0 million RM680.0 million RM434.0 million RM3,233 million
Purchase consideration RM1,015.0 million(4) RM724.0 million RM530.0 million RM310.0 million RM2,579.0 million
Gross floor area(5) 1,226,709 sq ft 511,103 sq ft (47,483 sqm, representing approximately 61.9% of the aggregate retail floor area of Sungei Wang Plaza) 1,257,086 sq ft 996,902 sq ft (6) 3,991,800 sq ft
Number of car park
Approximately 1,836 Approximately 1,298 Approximately 1,282 Approximately 1,142 Approximately 5,558
Net lettable area(5) 887,400 sq ft 447,521 sq ft 719,666 sq ft 485,256 sq ft 2,539,842 sq ft
Number of leases (5) 396 312 376 199 1,283
Committed occupancy rate (5) 97.6% 95.0% 97.5% 99.7% 97.5%
Shopper traffic for 2014 16.1 million 24.3 million 12.1 million 7.0 million 59.5 million

  1. Including Gurney Plaza Extension.
  2. The total share units allocated to the 205 strata titles owned by CMMT represent approximately 62.8% of the voting rights in Sungei Wang Plaza Management Corporation. These 205 strata parcels consist of retail space with an aggregate floor area of approximately 511,103 sq ft (representing approximately 61.9% of the aggregate floor area of Sungei Wang Plaza) and approximately 1,298 car park bays with an aggregate floor area of approximately 435,411 sq ft, (which comprises 100.0% of the car park bays in Sungei Wang Plaza).
  3. Based on the valuations as at 31 December 2014 commissioned by AmTrustee, trustee of CMMT.
  4. Equal to RM800.0 million for Gurney Plaza and RM215.0 million for Gurney Plaza Extension.
  5. As at 31 March 2015.
  6. Includes the car park area as gross floor area is defined by the requisite authorities in Kuantan to be inclusive of the car park area.