Forging Ahead of the Game

Total Page:16

File Type:pdf, Size:1020Kb

Forging Ahead of the Game ANNUAL REPORT 2017 FORGING AHEAD OF THE GAME RATIONALE SUNWAY REIT ANNUAL REPORT 2017 Sunway REIT aims to be at the forefront of the industry with Main Governing Regulations and Guidelines game-changing strategies that place Sunway REIT ahead of the • The Securities Commission Guidelines on Real Estate curve. Investment Trusts • Bursa Malaysia Main Market Listing Requirements • Capital Markets and Services Act 2007 • Securities Commission Licensing Handbook • The Malaysian Code on Corporate Governance 2017 • Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 • Malaysian Financial Reporting Standards • International Financial Reporting Standards • Global Reporting Initiatives (GRI) Standards Printed Version Please contact [email protected] to request for a printed copy of the annual report. For environmental preservation, we encourage the use of online version. Online Version www.sunwayreit.com/investor-relations Sunway REIT embarks on its integrated reporting journey in this annual report. Below entails the guide to navigate through this annual report and additional online information is available on Sunway REIT’s website. Navigation Guide and Legends Connect you to more information within this report Connect you to more information online at www.sunwayreit.com The Manager Property Level / Facilities Management Team Residual Risk Rating Risk Trend DISCLAIMER: This annual report may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed or implied in forward- looking statements as a result of a number of risks, uncertainties and assumptions. Examples of these factors include (without limitation) general industry and economic conditions; interest rate trends; cost of capital and capital availability including availability of fi nancing in the amounts and the terms necessary to support future business; availability of real estate properties; competition from other companies; changes in operating expenses including employee wages, benefi ts and training, property expenses, government and public policy changes. You are cautioned not to place undue reliance on these forward-looking statements which are based on the Manager’s current view of future events. Past performance is not necessarily indicative of its future performance and that unit price and investment returns may fl uctuate. CONTENTS VITAL ATTRIBUTES PROPERTY DETAILS Snapshot View 6 Portfolio at a Glance 106 Key Milestones 7 Portfolio Summary & Details 108 Corporate Profi le 8 Vision, Mission, Core Values 10 Growth Strategies and Strategic Objectives 11 CORPORATE GOVERNANCE & Sunway REIT’s Value Creation 12 ACCOUNTABILITY Stakeholder Engagement 14 Corporate Governance Statement 166 Material Factors 16 Audit Committee Report 180 Corporate Information 17 Statement on Risk Management & Internal Control 185 Salient Features 18 Additional Information 189 Awards and Recognition 19 Indices Representation 19 SUSTAINABILITY STATEMENT MESSAGE TO UNITHOLDERS Introduction 192 Economic 196 Message from the Chairman 22 Environmental 201 A Conversation with the CEO 30 Social 211 TRUST STRUCTURE & LEADERSHIP FINANCIAL INSIGHTS Trust Structure 40 Financial Statements 228 Organisation Structure 41 Board of Directors 42 Management Team & Key Personnel 48 UNITHOLDERS’ INFORMATION Financial Calendar 286 Analysis of Unitholdings 287 MANAGEMENT DISCUSSION & ANALYSIS Notice of 5th Annual General Meeting 289 Financial Highlights 52 Proxy Form 291 Value Added Statement 57 Glossary 293 Trading Performance 58 Financial Review 62 Operations Review 67 Capital Management 76 Risk Management 78 Investor and Public Relations 82 Market Report Summary 90 Detailed Market Report 92 SUNWAY REIT ANNUAL REPORT 2017 SUNWAY REIT ANNUAL REPORT 2017 SKATING TO VALUE CREATION Value creation to stakeholders is an integral part of what we do. An ice skater artistically choreographing her routine symbolises the way we develop our business model with clearly defi ned strategic objectives to guide us in our value creation process. VITAL ATTRIBUTES Snapshot View 6 Key Milestones 7 Corporate Profi le 8 Vision, Mission, Core Values 10 Growth Strategies and Strategic Objectives 11 Sunway REIT’s Value Creation 12 Stakeholder Engagement 14 Material Factors 16 Corporate Information 17 Salient Features 18 Awards and Recognition 19 Indices Representation 19 4 SUNWAY REIT ANNUAL REPORT 2017 SUNWAY REIT ANNUAL REPORT 2017 5 SUNWAY REIT ANNUAL REPORT 2017 VITAL ATTRIBUTES SNAPSHOT VIEW PORTFOLIO BY PROPERTY VALUE 68% 7% $ RETAIL OFFICE PROPERTY VALUE NUMBER OF ASSETS1 GROSS FLOOR AREA1 RM6.69BILLION 15 12,803,285 20% 5% SQ.FT. HOTEL OTHERS PORTFOLIO BY REVENUE 78% 6% RETAIL OFFICE DPU 12% 4% GROSS REVENUE DPU DISTRIBUTION YIELD RM523MILLION 9.19 SEN 5.2% HOTEL OTHERS PORTFOLIO BY NPI 75% 4% NET PROPERTY INCOME MARKET CAPITALISATION ANNUAL TOTAL RETURN RETAIL OFFICE RM389MILLION RM5.24BILLION 12.4% 15% 6% HOTEL OTHERS 1 Including Sunway REIT Industrial – Shah Alam 1 acquisition which was completed on 1 August 2017 Note: Financial results for the fi nancial year ended 30 June 2017 exclude Sunway REIT Industrial – Shah Alam 1 6 VITAL ATTRIBUTES SUNWAY REIT ANNUAL REPORT 2017 KEY MILESTONES 2016 NOV Relaunched and soft re-opening of Sunway Pyramid Hotel 2016 DEC Completed the acquisition of a piece of commercial land in Seberang Jaya for the expansion of Sunway Carnival Shopping Mall 2017 JAN Maiden acquisition of an industrial property in Shah Alam, Artist Impression on the expansion of Sunway Carnival Selangor. This marks Sunway REIT’s foray into the industrial, Shopping Mall Phase 1 logistics and data centre properties under the “Others” segment with a cap of up to 15% of Total Asset Value (TAV) 2017 MAY Launch of Sunway REIT’s sustainability initiative – Clean Air Project at Sunway Pyramid Shopping Mall 2017 JUN Embarked on the Integrated Reporting journey 7 SUNWAY REIT ANNUAL REPORT 2017 VITAL ATTRIBUTES CORPORATE PROFILE 8 VITAL ATTRIBUTES SUNWAY REIT ANNUAL REPORT 2017 Sunway Real Estate Investment Trust (Sunway REIT) has a Pyramid Shopping Mall, Sunway Resort Hotel & Spa, Sunway diverse portfolio and is one of the largest retail-focused1 real Pyramid Hotel (formerly known as Sunway Pyramid Hotel East), estate investment trusts (REITs) in Malaysia that is strategically Menara Sunway and Sunway Medical Centre. The success of located across award-winning integrated townships in key Sunway City is replicated in Sunway City Ipoh, Perak; the fi rst locations within Klang Valley, Penang and Perak. integrated township in Southeast Asia with fi ve FIABCI accolades, where SunCity Ipoh Hypermarket is located. On the mainland of Sunway REIT was listed on the Main Market of Bursa Malaysia Penang, Sunway REIT owns Sunway Carnival Shopping Mall and Securities Berhad (Bursa Malaysia) on 8 July 2010 with an initial Sunway Hotel Seberang Jaya. In FY2015, Sunway REIT added 2 market capitalisation of RM2.4 billion. The market capitalisation assets into the portfolio, namely Wisma Sunway in Shah Alam, of Sunway REIT stood at RM5.2 billion as at 30 June 2017. Sunway Selangor and Sunway Hotel Georgetown, marking our maiden REIT is a component of the FTSE Bursa Malaysia Mid 70 Index, foray into the Penang Island. FTSE4 Good Bursa Malaysia Index, GPR APREA Composite REIT Index - Malaysia, FTSE EPRA/NAREIT Global REIT Index, FTSE Sunway REIT owns four properties in Kuala Lumpur, namely, EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Asia ex Japan Sunway Tower and the remaining three which constitute part Index, FTSE EPRA/NAREIT Asia Pacifi c Index, FTSE EPRA/NAREIT of the 3-in-1 integrated development, Sunway Putra, consisting Emerging REIT Index and MSCI Malaysia Small Cap Index. of Sunway Putra Mall, Sunway Putra Hotel and Sunway Putra Tower. With an initial portfolio of 8 assets, Sunway REIT has grown to 152 assets comprising 4 retail malls, 5 hotels, 4 offi ces, a medical In FY2017, Sunway REIT made its maiden foray with the acquisition centre and an industrial property. The property value has grown of an industrial property, Sunway REIT Industrial - Shah Alam 1 by 93% from the initial RM3.46 billion to RM6.69 billion as at 30 in Section 23, Shah Alam, Selangor, which is a prime industrial June 2017. hub that is predominantly occupied by established multinational logistics and manufacturing companies. The Sponsor, Sunway Berhad (Sunway), is an established and reputable conglomerate group with a market capitalisation Sunway REIT’s key investment objective is to provide unitholders of RM8.9 billion as at 30 June 2017. Sunway has recently been with exposure to a diverse portfolio of authorised investments reclassifi ed from the Property sector to the Trading/Services that will provide stable cash distributions with the potential for sector on the Main Market of Bursa Malaysia. The reclassifi cation sustainable growth in net asset value per unit. better refl ects Sunway’s strength as a conglomerate with diverse yet complementary businesses that are mostly in leadership position in their respective sectors. Note: 1 Retail-focused is defi ned as at least 60% contribution from the retail Sunway REIT’s assets are primarily located in Sunway City, assets to property value, revenue or net property income 2 Selangor, Malaysia’s fi rst Green Building Index (GBI) certifi ed Including Sunway REIT Industrial – Shah Alam 1 acquisition which was completed on 1 August 2017. Financial results for the fi nancial year sustainable integrated
Recommended publications
  • Short PDF Presentation
    Let us introduce you to the World Film Fair……... The World Film Fair is a large scale film market event, happening in October this year in New York. The Fair will be the perfect place for all members of the film industry such as distribution companies, production companies, film buyers, investors and of course filmmakers to meet and network together all under one roof. The World Film Fair will be bringing a unique, fresh and exciting perspective and will be unlike any other Film Fair. It takes place in a range of venues, not only in New York but also in cities and countries all over the World! A list of the venues can be found below: New York Locations: ● Trump Hotel, 1 Central Park West, New York, NY 10023, USA ● Cinepolis, 260 W 23rd St, New York, NY 10011, USA ● Producers Club, 358 W 44th St, New York, NY 10036, USA ● School of Visual Arts New York City, 209 East 23 Street, NY, NY 10010-3994, USA ● The Barrow Group Theatre Company and School, 312 West 36th Street, New York, NY 10018 ● Ghetto Film School Inc, 79 Alexander Ave # 41A, Bronx, NY 10454, USA ● The Actors Theatre Workshop, Inc, 145 W. 28th Street, Third Floor, New York, N.Y. 10001 ● Five Myles, 558 Saint Johns Place Brooklyn, New York 11238 United States ● Martin W Kappel theater located at 27 W. Main St. Norwich, NY 13815. ● 4th Avenue Arts 1030 4th Avenue Huntington, West Virginia 25701 United States ● Laemmle, Encino Town Center, 17200 Ventura Blvd #121, Encino, CA 91316 ● Solamonte Theaters 9200 Milliken Avenue Rancho Cucamonga, California 91730 United States ● Promenade Playhouse, 1404 3rd Street Promenade, Santa Monica, CA 90401, USA ● 5333 RED SQUIRREL LN Show Low, Arizona 85929-5344 United States ● Pride Arts Center 4139 N.
    [Show full text]
  • Malaysia Real Estate Highlights
    RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2019 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR More market activity in the high-end condominium / HIGH END CONDOMINIUM serviced apartment segment (> RM1 million) in 2018 and MARKET this momentum is expected to continue into 2019. MARKET SUPPLY AND 1H2019 saw the launches of a INDICATIONS DEMAND few high-end condominium / The Malaysian economy continues with As of 1H2019, the completion of 602 units serviced apartment projects in its growth momentum albeit at a slower of high-end condominiums / serviced Kuala Lumpur City. The projects pace of 4.7% in 2018 (2017: 5.9%). It apartments from two projects brought are generally smaller in scale, on continued to expand 4.5% in 1Q2019 the cumulative supply in Kuala Lumpur pockets of land. (4Q2018: 4.7%), supported by private to 56,786(R) units. The completed projects sector expenditure. For the whole year were Opus KL (357 units) and Residensi The prices of new launches of 2019, economic growth is expected Sefina (245 units). remain flattish as the high-end to range between 4.3% and 4.8%. In (Note: (R) The cumulative supply has residential segment continues to May 2019, the Department of Statistics been revised) be challenging. Malaysia (DOSM) rebased of the country’s gross domestic product (GDP), The scheduled completion of Sky Suites In the secondary market, the from year 2010 to 2015. @ KLCC (986 units), 8 Kia Peng (442 units), Tower 1 and Tower 2 @ Star overall transacted price of The current period of low headline Residences (1,039 units), Aria KLCC selected schemes analysed was inflation, recorded at 1.0% in 2018 (2017: (598 units), Stonor 3 (400 units), Novum lower by 1.6% when compared 3.7%), is largely due to key policies such Bangsar (729 units), TWY Mont’ Kiara to 2018 as purchasers continue as the fixing of domestic retail fuel prices (484 units), Arte Mont’ Kiara (1,706 to be spoilt for choice.
    [Show full text]
  • Subsektor Pengangkutan Dan Penyimpanan Pengangkutan
    Maklumat Lanjut DOSM/BPP/5.2020/Siri 27 Disediakan oleh: NORAZLIN MUHARAM Ketua Penolong Pengarah, BPP Segmen Pengangkutan, Informasi dan Komunikasi meliputi perkhidmatan Pengangkutan & penyimpanan dan Perkhidmatan Maklumat & komunikasi. Berdasarkan Banci Ekonomi 2016, sejumlah 54,190 pertubuhan telah direkodkan dalam subsektor Pengangkutan dan penyimpanan. Manakala 8,008 pertubuhan telah direkodkan bagi subsektor Maklumat dan komunikasi. Segmen ini menyumbang sebanyak 9.7% kepada KDNK pada 2019. SUBSEKTOR PENGANGKUTAN DAN PENYIMPANAN PENGANGKUTAN DEFINISI: Seksyen ini termasuk penyediaan bagi Pengangkutan Penggudangan & pengangkutan penumpang atau muatan, Air Aktiviti sokongan sama ada berjadual atau tidak, melalui rel, saluran paip, jalan raya, air atau udara dan aktiviti yang berhubungkait seperti kemudahan terminal dan tempat memakir pesawat, pengendalian kargo, penyimpanan dll. Termasuk dalam seksyen ini adalah penyewaan Pengangkutan Pengangkutan Pos & kelengkapan pengangkutan dengan pemandu Darat Udara Kurier atau operator dan juga perkhidmatan pos dan kurier. Prestasi Perkhidmatan Pengangkutan dan Penyimpanan Pada tahun 2019, subsektor Pengangkutan dan penyimpanan Bilangan pekerja pada 2015 adalah merekodkan RM53.7 bilion dan menyumbang 3.8% kepada 411,273 orang berbanding 312,692 KDNK negara. orang pada 2010 dengan kadar Tiga negeri dengan nilai output pertumbuhan tahunan 5.6%. Pada tahun 2015, sejumlah kasar tertinggi RM109.2 billion output Pekerja bergaji Pemilik yang bekerja & kasar telah dihasilkan sambilan Selangor pekerja keluarga tidak berbanding RM76.3 billion 4,871 orang bekerja (1.2%) pada tahun 2010 dengan 47,273 orang W.P. Kuala (11.5%) Pekerja bergaji kadar pertumbuhan Lumpur sepenuh masa tahunan 7.4%. 358,916 orang Johor (87.3%) RM (bilion) Saiz PKS Bilangan Pertubuhan Peratus PKS: 53,705 Mikro 50,755 94.5% pertubuhan Kecil 1,538 2.9% (99.1%) adalah Jumlah gaji & upah yang dibayar Sederhana 1,412 2.6% PKS.
    [Show full text]
  • OUTLET LIST (For Call Centre Use) Telephone Operating Hours Detailed Location ROCK CORNER, S205, 2Nd Floor, 1 Utama Shopping
    OUTLET LIST (for call centre use) KLANG VALLEY Telephone Operating Hours Detailed Location ROCK CORNER, S205, 2nd Floor, 1 Utama Shopping Centre 03-7733 5667 ONE UTAMA Lebuh Bandar Utama 03-7725 5667 10am-10pm Everyday On same level as TGV Cinemas 48700 Petaling Jaya Shaiful ROCK CORNER, G6, Ground Floor, The Curve THE CURVE No. 6, Jalan PJU 7/3, Mutiara Damansara 03-7733 1139 10am-10pm Everyday Beside McDonalds in The Curve 47800 Petaling Jaya Jun ROCK CORNER, LG 20 C & D, Subang Parade 10am-9.45pm SUBANG PARADE No.5, Jalan SS16/1 03-5613 1139 Lower Ground Everyday 47500 Subang Jaya Viswa ROCK CORNER, T-206, 3rd Floor, The Gardens, THE GARDENS Mid Valley City, Lingkaran Syed Putra, 03-2201 4893 10am-10pm Everyday 59200 Kuala Lumpur Kuen ROCK CORNER, Lot 328, Level 3, Suria KLCC Shopping Centre,, P. Ramlee Entrance Side. Beside KLCC Kuala Lumpur City Centre, 03-2181 5560 10am-10pm Everyday Starbucks 50088, Kuala Lumpur Joanne ROCK CORNER, Lot 15, 1st Floor, Bangsar Village I, BANGSAR VILLAGE No.1, Jalan Telawi Satu, 03-2202 1139 10am-10pm Everyday Bangsar Baru, Andru 59100 Kuala Lumpur. ROCK CORNER, T.208 & T.053 3rd Flr, MIDVALLEY MEGAMALL Mid Valley Megamall, 03-2201 1423 On same level as GSC Cinemas and 10am-10pm Everyday Lingkaran Syed Putra, Elaine opposite of Nike Store 59200 Kuala Lumpur. THE GUITAR STORE, 57-2, Jalan Manis 3 10am-8pm CHERAS Taman Segar, Cheras 03-9133 2822 (Mon - Sat) 56100 Kuala Lumpur. Opposite of Cheras Leisure Mall 10am-6pm (Sun) Closed on Pb holiday THE GUITAR STORE, 31-1,32-3, Jalan 25/70A 10am-8pm DESA SRI HARTAMAS Desa Sri Hartamas 03-2300 2822 (Tues - Sat) 50480 Kuala Lumpur.
    [Show full text]
  • CHEKSERN YOUNG BUILDERS SDN. BHD. (Formerly Known As Syabas Saga Sdn
    CHEKSERN YOUNG BUILDERS SDN. BHD. (formerly known as Syabas Saga Sdn. Bhd.) A MEMBER OF CSY GROUP. COMPANY PROFILE No. 2B, Jalan BM 1/2, Tel 603-7804-3393 Taman Bukit Mayang Emas, Fax 603-7803-4492 47301 Petaling Jaya, Web www.cheksernyoung.com Selangor Darul Ehsan, Malaysia Email [email protected] CSY/20170301/05 CONTENTS 1. Introduction 2. Company Information 3. Statutory Registrations 4. Organization Chart 5. Current & Completed Projects 6. Project Photographs INTRODUCTION Cheksern Young Builders Sdn. Bhd. founder Mr. Tan Foh Hua began his quest in the art of building construction in the year 1984 under his first construction company Cheksern Young Sdn. Bhd. After practicing and understanding the needs of this demanding yet fulfilling industry, Mr. Tan decided to transfer this business to a new entity Syabas Saga Sdn. Bhd in 1999. Subsequently on 25th April 2013, Syabas Saga Sdn. Bhd. name was changed and reverted back to its former name Cheksern Young Builders Sdn. Bhd. Thus the re-birth of Cheksern Young Builders Sdn. Bhd. with a vision to pursue excellence, competitive pricing, quality of works and timely delivery of all its construction activities. Cheksern Young Builders Sdn. Bhd. is now braced with expertise and professionalism through its management team and have participated in many prestigious projects in its home country Malaysia and also to overseas countries such as Thailand and Qatar. The new and improved Cheksern Young Builders Sdn. Bhd. is now specialized to provide excellent services in any Interior Works, Upgrading Works, Refurbishment and Signage. Our special expertise in project management will also ensure all undertaken projects are completed on time and aims to please our client’s demanding expectation and satisfaction.
    [Show full text]
  • Enhance Walk-In Movie-Goers' Cinema Experience in Penang
    ENHANCE WALK-IN MOVIE-GOERS’ CINEMA EXPERIENCE IN PENANG by CHOOI WEI YEE Thesis submitted in fulfillment of the requirements for the degree of Master of Arts (Fine Arts) September 2016 ACKNOWLEDGEMENT The special thank goes to my helpful supervisor, Mr. Hafeezur Rahmaan Bin Mohd Yassin, who has been encouraged, guided and leaded me through the process of this project, from the beginning until the end. The supervision and support that he gave truly help the progression and smoothness of my master research. He helped me on creating and building up ideas, gave construction advice and sharpening my research skills. Besides that, I would like to show my appreciation to Associate Professor Mohamad Omar Bidin. A big contribution and inspirational advice from him are very great indeed. All projects during this two year would be nothing without the enthusiasm and advice from him. I am pleased and thankful to receive MyBrain scholarship as it will have a significant impact on my financial wellbeing. This scholarship helps to alleviate my financial burden needed to complete my three semester of postgraduate studies in University Sains Malaysia. Last but not least, I would like to convey my heartfelt gratitude to my parents, colleagues and friends for supporting me when I faced any problems. They gave me mentally and physical support so that I can continue completed my project. ii TABLE OF CONTENTS Acknowledgement ................................................................................................................... ii Table of Contents
    [Show full text]
  • Cekap Punca Kuang Banjir
    Headline Sistem perparitan tak cekap punca Kuang banjir MediaTitle Berita Harian Date 20 Apr 2017 Color Full Color Section Nasional Circulation 125,514 Page No 12,13 Readership 947,000 Language Malay ArticleSize 841 cm² Journalist Aliff Ashraf Fadzilah AdValue RM 28,879 Frequency Daily PR Value RM 86,637 Sistem perparitan tak cekap punca Kuang banjir ©Langkah diambil Kerajaan Selangor gagal tangani masalah Oleh Aliff Ashraf Fadzilah dan Mohd Fharkhan Abdul Ghapar [email protected] H Sungai Buloh lami banjir. itu dibuka, penduduk tidak meng­ hadapi masalah banjir hanya pada Sistem perparitan yarig tidak Pembangunan jejas penduduk beberapa tahun kebelakangan ini dapat menampung kadar ali­ Di Kuang, bomba terpaksa memin­ dan kejadian kelmarin adalah an­ ran air serta pembangunan dahkan 69 orang daripada lapan tara yang terburuk. di kawasan seMtar dikesan antara keluarga di Kampung Sungai Serai, "Saya sudah menghantar surat punca banjir kilat yang melanda yang terperangkap kerana rumah sebanyak dua kali kepada pihak beberapa kampung dan kawasan mereka dinaiki air ke Dewan JKK Sungai Serai. bertanggungjawab meminta pen­ perumahan di Kuang, dekat sini jelasan dan berjumpa dengan me­ dan Rawang, kelmarin. Banjir kilat itu dipercayai ber­ punca daripada limpahan air dari reka hari ini (semalam) menggesa Ahli Dewan Undangan Negeri supaya membayar ganti rugi khu­ (ADUN) Kuang, Datuk Abdul Shu­ beberapa sungai di sekitar kawasan berkenaan. susnya kepada penduduk Kampung kur Idrus, berkata difahamkan, ke­ Sungai Serai yang paling teruk ter­ rajaan negeri sudah meluluskan pe­ Abdul Shukur berkata, walaupun DUN itu terletak di bawah kawa­ jejas dengan banjir kilat yang ber­ runtukan sebanyak RM10 juta bagi laku," katanya menaik taraf sistem perparitan di sannya, namun kerajaan negeri ber­ Abdul Shukur berkata, kerajaan daerah berkenaan, namun banjir tanggungjawab terhadap masalah negeri juga digesa menyelesaikan masih berlaku.
    [Show full text]
  • Up-And-Coming Attractions the Klang Valley Is Home to Some of the Largest Shopping Malls in the World and Is a Shopper's Haven
    ON THE COVER NEW MALL RISING Up-and-Coming Attractions The Klang Valley Is home to some of the largest shopping malls In the world and Is a shopper's haven. Malaysia Retailertak.es a closer look at what some of the newly opened malls have to offer and also how the stalwart malls are coping with new competition. By Tan Thiam Hock & Samuel Ngeow t has been said that shopping is Malaysians' favourite pastime. Newly Completed Retail Malls In 2014 IJudging from the bustling crowds at the popular malls here and the sheer numbers and sizes of the malls in the country (some of NAME LOCATION COMPLETION NLA (sqft) the largest in the world), the phrase does bear some truth. From the Main Place USJ 21 USJ, Subang Jaya 1Q2014 237,000 most luxurious designer labels such as Louis Vuitton and Chanel to the more affordable local brands like Padini and F.O.S, there's Encorp Strand Mall Kota Damansara 1Q2014 308,800 something for everyone when they are shopping here. With the Jaya Shopping Centre Sec 14, Petaling Jaya 1Q2014 300,000 impending entries of many new malls and the ongoing expansion Nu Sentral KL Sentral 2Q 2014 651,800 of retail spaces for the existing ones, the locals are spoilt for choice D'Puize Cyberjaya 3Q 2014 240,000 when it comes to their preferred weekend activity. Quill City Mall Jalan Sultan Ismail 4Q 2014 770,000 OVERVIEW OF THE RETAIL INDUSTRY IOI City Mall Putrajaya 4Q 2014 1,350,000 Tan Sri Datuk Eddy Chen Lok Loi, Source: WTWResearch President of Malaysia Shopping Malls Retail Developments Scheduled for Completion in 2015 Association (PPK Malaysia) says, "Generally, the mall industry is doing NAME NLA (sqft) well, given the rising population and Sunway Putra Mall 620,000 thelarger consumer base.
    [Show full text]
  • Minister of Housing and Local Government Visits the Bukit Tagar Sanitary Landfill
    Berjaya Corporation Berhad’s Quarterly Newsletter - Issue 3, 2019 KDN No : PP 7432/02/2013(031932) YB Puan Hajjah Zuraida Binti Kamaruddin (centre) and Tuan Suliman Bin Abd. Rahman (5th from right) giving the thumbs up to the Bukit Tagar Sanitary Landfill and its team. MINISTER OF HOUSING AND LOCAL GOVERNMENT VISITS THE BUKIT TAGAR SANITARY LANDFILL On 29 September 2019, YB Puan Hajjah Zuraida Binti Kamaruddin, the Minister of Housing and Local Government visited the Bukit Tagar Sanitary Landfill (“BTSL”). Among those who accompanied her during the visit were Tuan Suliman Bin Abd. Rahman, Director General of National Solid Waste Department, Ministry of Housing and Local Government, Tan Sri Dato’ Seri Vincent Tan, Executive Chairman of Berjaya Corporation Berhad (“BCorp”), Dato’ Sri Azlan Meah and Dato’ Zurainah Binti Musa, Executive Directors of BCorp, Ir. Chock Eng Tah, Managing Director of KUB-Berjaya Enviro Sdn. Bhd. (“KBE”), other officials from the Ministry of Housing and Local Government, and management staff of BCorp and KBE. This visit enabled YB Puan Hajjah Zuraida the opportunity to assess the benefits of a well-operated sanitary landfill as compared to traditional dumpsites and also other treatment technologies. She was impressed with the waste management method adopted by BTSL and wants to use it as a model for all landfills in the country. BTSL, operated by KBE, has a total capacity of 120 million metric ton, and is capable of managing the entire 5,000 tons of daily domestic waste produced from Kuala Lumpur and Selangor for over 65 years. YB Puan Hajjah Zuraida Binti Kamaruddin during the tour around BTSL.
    [Show full text]
  • Average Occupancy Rate 50.0%
    Resilient Income Stream Well spread-out lease expiry profile and diverse tenant base WALE 1 as at 30 June 2017 – 1.81 years Top 10 tenants contribute approximately 12.1% of total revenue Projected tenancy expiry of portfolio 2 Top 10 tenants 4 70.0% Total Top 10 Tenants 12.1% Parkson Corporation Sdn Bhd 63.0% 2.0% (Parkson, Origin) 60.0% GCH Retail (Malaysia) Sdn Bhd 1.7% (Giant, Cold Storage, Guardian) TGV Cinemas Sdn Bhd 1.6% 50.0% (TGV Cinemas) Aeon Co. (M) Bhd 1.5% (Aeon) 40.0% Padini Dot Com Sdn Bhd 1.0% (Padini Concept Store) Sunway Resort Hotel Sdn Bhd 30.0% 0.9% (Sunway Pyramid Convention Centre) Cotton On (Malaysia) Sdn Bhd 3 0.9% 20.0% 17.5% (Typo, Factorie, Cotton On) H & M Retail Sdn Bhd 0.9% 12.0% (H & M, Monki) 10.0% Sunway Management Sdn Bhd 0.8% JD Sports Fashion Sdn Bhd 0.8% 0.0% (JD, Sports Empire, The Marathon Shop) FY2018 FY2019 After FY2019 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 1 Calculated based on gross rental income. 4 Based on gross rental income for the month of June 2017 (exclude Hotel 2 Calculated using NLA for the Retail and Office Properties Master Leases, Hospital Master Lease and car park tenancies). and GFA for the Hotel and Hospital Properties. 3 Include monthly tenancies occupying 1.0% of total space. Driving values through sustainable growth 31 4. 4Q 2017 Property Performance Driving values through sustainable growth 32 RETAIL PROPERTIES SUNWAY PYRAMID SHOPPING MALL Historical occupancy rates Projected lease expiry schedule Average occupancy rate 50.0% 40.0% 100.0% 98.3% 97.8% 98.1% 98.3% 98.0% 30.0% 95.0% 90.0% 20.0% 85.0% 10.0% 80.0% 34.5% 15.4% 45.1% 3.7% 0.0% FY2018 FY2019 FY2020 Monthly 75.0% tenancy Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Expiring tenancies as % of total NLA Driving values through sustainable growth 33 RETAIL PROPERTIES SUNWAY PYRAMID SHOPPING MALL (Cont’d) Tenant mix 1 Top 10 tenants 1 Total Top 10 Tenants 13.0% Aeon Co.
    [Show full text]
  • BERITA AKITEK EDITORIAL Ar Ezumi Harzani Ismail Representatives in the MBPJ Jawatankuasa Perancangan Bandar Are Ar
    2019 BERITA FEBRUARY AKITEK kdn no: pp 1022/08/2013(032931) 09 March 2019 BIM Buzz – Future BIM Architect PAM Centre 16 March 2019 PAM CPD – Technical Talk PAM Centre 17 March 2019 PAM Photo Hunt 3.0 PAM Centre Topic: 25 March 2019 Briefing Session by Department of Occupational Safety & Health Malaysia (DOSH) Practice PAM Centre Wisdom Kindly note that the scheduled events are subject to change. Please call PAM at 03-2202 2866 for confirmation. PRACTICEPRACTICE WISDOMWISDOM Happy Chinese New Year! I wish everyone to have a year sourcing, production, transport and construction, and full of prosperity and abundance. I had the chance to also after completion such as for building maintenance spend time with family during the break and it was a and replacement of structure, all the way up to its welcome respite after another full year at PAM last year. demolition. I hope all members too, had the chance to rest and engage in some valuable time with family and friends. Even the 2018 Stirling Prize award winner, London’s Bloomberg Headquarters by Foster + Partners, came Despite the long break on the home front, business still under scrutiny as the embodied carbon for the project went on as usual for the rest of the world. The Royal included the transportation of 9,000 tonnes of materials Institute of British Architects (RIBA) invited PAM to transported from outside London. participate in its International Presidents Meeting on 13 February 2019. One of the issues that I found interesting We are probably not yet as stringent nor as diligent as was a kind of general consensus by the country the UK in designing our buildings that take into representatives who agree that today, architects are no consideration the climate change goals.
    [Show full text]
  • CV HRH Sultan Selangor 100218
    CURRICULUM VITAE HIS ROYAL HIGHNESS SULTAN SHARAFUDDIN IDRIS SHAH IBNI ALMARHUM SULTAN SALAHUDDIN ABDUL AZIZ SHAH SULTAN OF SELANGOR Continue to the next page… HIS ROYAL HIGHNESS SULTAN SHARAFUDDIN IDRIS SHAH IBNI ALMARHUM SULTAN SALAHUDDIN ABDUL AZIZ SHAH 1.0 Personal Details Title His Royal Highness (H.R.H.) Name Sultan Sharafuddin Idris Shah Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah (HRH is eldest son of the late Sultan Salahuddin Abdul Aziz Shah and Raja Saidatul Ihsan Binti Tengku Badar Shah @ Raja Lat (Yang Maha Mulia Paduka Bonda Raja Selangor). Address Istana Mestika, Shah Alam, Selangor & Istana Alam Shah, Klang, Selangor Date of Birth 24th December 1945 Place of Birth Istana Jema’ah Klang, Selangor (now Kolej Islam Sultan Alam Shah, Klang) 2.00 Marital Status 1968 - 1986 Married to YM Raja Zarina Binti Raja Tan Sri Zainal and divorced in 1986. 1988 - 1997 Married to Puan Nur Lisa Idris Binti Abdullah and divorced in June 1997. She is an American citizen. 2016 - now Married to Datin Paduka Seri Norashikin Binti Abdul Rahman. (H.R.H. Tengku Permaisuri Selangor Tengku Permaisuri Norashikin) 1 | CV HRH Sultan Selangor – updated 10 February 2018 Continue to the next page… 3.00 Children 1969 Tengku Zerafina Binti Sultan Sharafuddin Idris Shah 1973 Tengku Zatashah Binti Sultan Sharafuddin Idris Shah 1990 Tengku Amir Ibni Sultan Sharafuddin Idris Shah (H.H. Raja Muda of Selangor) 4.00 Education 1954 - 1959 Malay Primary School, Jalan Raja Muda, Kuala Lumpur and St. John’s Institution, Kuala Lumpur. 1960 - 1964 Continued his secondary education at Hale School in Perth, Australia.
    [Show full text]