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CapitaLand Malaysia Mall Trust
Annual Report 2015
Independent Retail Market Overview
1
The total NLA and acquisition price for 1 Mont’Kiara includes the shopping centre and a 20-storey office tower with roughly 185,000 sq ft of NLA.
2
CMMT acquired 205 strata parcels within the mall which, based on the total share units allocated to the 205 strata parcels, represents 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 retail 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
CapitaLand Mall Asia acquired about 90.7% of the mall’s retail strata area (approximately 916,181 sq ft) and all its car park spaces.
4
Putra Place consists of The Mall (retail), 100 Putra Place (office), The Legend Hotel (hotel) and 1,323 car parking bays. The consideration paid for
the auction of The Putra Place was RM513.95 million. According to the announcement by Sunway REIT, the 507,193 sq ft shopping centre was
valued at RM223 million.
5
The purchase was based on 110 strata parcels within the shopping mall (measuring 464,520 sq ft and representing 85% of the voting rights in
Perbadanan Pengurusan Komplek Central Square) together will all the accessory parcels thereto, which consists of retail space with an aggregate
NLA of approximately 300,782 sq ft and 488 car parking bays.
6
The purchase includes a four (4) storey shopping mall (448,248 sq ft NLA) and the car park (comprising 1,759 car park bays) and a twelve (12)
storey Tropicana City Office Tower (101,246 sq ft NLA).
7
The purchase includes a five (5) storey shopping mall of approximately 420,920 sq ft of NLA and two (2) levels of basement car park with 1,672 bays.
8
The purchase includes a six (6) storey shopping mall of approximately 225,014 sq ft of NLA and five (5) levels of basement car park with 367 bays.
Source: Savills Research, REIT prospectuses and annual reports, and published news source.
Capital Values from Selected Shopping Centre Transactions from 2010 to 2015
Property
Year
NLA
(sq ft)
Transaction
Price
(RM mil)
Capital
Value
(RM psf) Purchaser
Aeon Bandaraya Melaka
2010 615,608
377.0
612 ARA Asia Dragon Fund
SACC Mall
2010 185,178
90.0
486 ARREIT
1 Mont’Kiara
1
2010 410,000
333.0
812 ARA Asia Dragon Fund
Gurney Plaza
2010 707,503
800.0
1,131 CMMT
Sungei Wang Plaza
2
2010 450,470
724.0
1,607 CMMT
The Mines
2010 719,563
530.0
737 CMMT
Sunway Pyramid Shopping Mall
2010 1,685,568
2,300.0
1,365 Sunway REIT
Sunway Carnival Shopping Mall
2010 484,364
250.0
516 Sunway REIT
Selayang Mall
2010 379,685
128.0
337 Amanahraya REIT
Gurney Plaza (Extension)
2011 139,964
215.0
1,536 CMMT
Queensbay Mall
3
2011 892,361
651.8
730 CapitaLand Mall Asia
Putra Place (The Mall)
4
2011 507,193
223.0
440 Sunway REIT
East Coast Mall
2011 441,342
310.0
702 CMMT
Landmark Central Shopping
Centre
2011 289,462
98.0
339 Hektar REIT
Central Square Shopping
Centre
5
2011 300,782
83.0
276 Hektar REIT
Pavilion KL Mall
2011 1,335,119
3,190.3
2,390 Pavilion REIT
Citta Mall
2011 424,467
245.0
577 ARA Asia Dragon Fund
Kompleks Sungai Buloh
2012 114,130
68.5
600 The Store (M) Sdn Bhd
Mid Valley MegaMall
2012 1,718,951
3,440.0
2,001 IGB REIT
The Gardens Mall
2012 817,053
1,160.0
1,420 IGB REIT
Quill City Mall @ Vision City
2013 770,000
1,200.0
1,558 Employees Provident Fund (EPF)
KL Festival City
2014 450,000
349.0
775 Festival Mall Sdn Bhd & AsiaMalls Sdn Bhd
Mydin Hypermall
2015 536,507
250.0
466 AmFirst REIT
Tropicana City Mall and
Office Tower
6
2015 549,494
540.0
983 CMMT
Mydin Seremban 2
2015 430,595
240.0
557 Amanah Harta Tanah PNB
da:men
7
2015 420,290
488.0
1,159 Pavilion REIT
The Intermark Mall
8
2015 225,014
160.0
711 Pavilion REIT
