Property Portfolio (Cont'd)
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PROPERTY PORTFOLIO (Cont’d) TENANT MIX - MAB TENANT MIX - MAB MENARA AmBANK TENANT TRADE MIX ANALYSIS Location : No. 8, Menara AmBank Jalan Yap Kwan Seng 50450 Kuala Lumpur Description Of Property : 46-storey office building comprising of a 38-storey office tower block, a 1-level cafeteria and a 7-level car park Title Details : Title No. Geran 52468 Lot No. 140, Section 44 Town and District of Kuala Lumpur State of Federal Territory of Kuala Lumpur Tenure : Freehold Encumbrances : Nil Major Tenants BANKING & FINANCIAL INSTITUTIONS Year of Completion : 1997 OIL & GAS 1. AmBank Group TELECOMMUNICATION/ IT/ Age of Building : 13 years 2. Germanischer Lloyd (M) ELECTRONIC/BANKING & ELECTRICALFINANCIAL INSTITUTIONS Sdn Bhd FOODOIL && GASBEVERAGES Net Lettable Area : 458,522 sq ft 3. Acer Sales & Services CONSTRUCTIONTELECOMMUNICATION/ & REAL ESTATE IT/ ELECTRONIC/ ELECTRICAL Sdn Bhd HEALTH Existing Use : Commercial Office FOOD & BEVERAGES SURVEILLANCE & SECURITY CONSTRUCTION & REAL ESTATE Car Park : 795 bays SERVICES & OTHERS HEALTH Number of Tenants : 22 SURVEILLANCE & SECURITY CATEGORY SERVICES & OTHERSSQ FT % Acquisition Cost : RM230.16m Banking & Financial Institutions* 331,668 76.48 TENANCY RENEWAL PROFILE - MAB Latest Revaluation : RM292.50m Oil & Gas 37,260 8.59 Telecommunication/ It/ Electronic/ Date of Revaluation : 1 March 2010 TENANCY Electrical RENEWAL PROFILE - MAB 24,031 5.54 Services & Others 19,440 4.48 Occupancy Rate : 94.58% Food & Beverages 12,569 2.90 Gross Revenue : RM24.23m Construction & Real Estate 4,415 1.02 Health 2,349 0.54 Net Property Income : RM15.18m Surveillance & Security 1,931 0.45 Major Capital Expenditure : Nil Total 433,663 100.00 Average Lease Period : 3 years * including AmAssurance Sq Ft AmBank Group (Sq Ft) Total (Sq Ft) Valuer : WTW International C H William 350,000TENANCY RENEWAL PROFILE Talhar & Wong Sdn Bhd Sq Ft AmBank Group (Sq Ft) Total (Sq Ft) 300,000 350,000 250,000 339,998 300,000 316,577 200,000 250,000 339,998 150,000 316,577 200,000 100,000 150,000 50,000 12,588 100,000 12,441 2,650 81,077 0 50,000 2011 2012 2013 12,588 Financial Year Ending12,441 31 March 2,650 81,077 0 2011 2012 2013 Financial Year Ending 31 March AmBank % Total % FYE Group (sq ft) (sq ft) 2011 2,650 0.61 12,588 2.90 2012 12,441 2.87 81,077 18.70 2013 316,577 73.00 339,998 78.40 TOTAL 331,668 76.48 433,663 100.00 28 AmFIRST annual report 2010 AmFIRST annual report 2010 29 PROPERTY POrTfOLIO (Cont’d) KELANA BREM TOWERS (“kbt”) Kelana Brem Towers is located within SS7, Kelana Jaya and it is easily accessible from Kuala Lumpur city centre via the North Klang Valley Expressway (NKVE), Lebuhraya Damansara-Puchong (LDP) and Federal Highway. The office building comprises of two 16-storey purpose-built office towers sitting atop a 5-storey podium block and one level basement car park. Other prominent properties located in the close proximity include the Kelana Jaya Recreational Park, Kelana Jaya Centre Court Sports Complex, Kelana Jaya Commercial Centre and prominent residential area. 30 AmFIRST annual report 2010 AmFIRST annual report 2010 31 PROPERTY PORTFOLIO (Cont’d) TENANT MIX - KBT KELANA BREM TOWERS TENANTTENANT MIX TRA -DE KBT MIX ANALYSIS Location : Kelana Brem Towers Jalan SS 7/15 (Jalan Stadium) 47301 Kelana Jaya Selangor Darul Ehsan Description Of Property : 16-storey office building comprising of 2 towers, a 5-storey podium block and 1-level basement car park and a 1-level cafeteria Land Title : Title No. HSM 8547 Lot No. PT 5135 Mukim of Damansara District of Petaling State of Selangor Darul Ehsan Status of Holding : 99 Years leasehold interest expiring on19 February 2094 (unexpired term of Major Tenants GOVERNMENT AGENCIES approximately 84 years) 1. Lembaga Hasil Dalam Negeri TELECOMMUNICATION/ IT/ 2. Kimberly-Clark Trading (M) ELECTRONIC/ ELECTRICAL Encumbrances : Lien Holder’s Caveat TRADING Sdn Bhd CONSTRUCTION & REAL ESTATE Year of Completion : 2001 3. LG Electronics (M) Sdn Bhd SERVICESGOVERNMENT & OTHERS AGENCIES Age of Building : 9 years TRANSPORTATIONTELECOMMUNICATION/ & FREIGHT IT/ HEALTHELECTRONIC/ & PERSONAL ELECTRICAL CARE Net Lettable Area : 287,223 sq ft EDUCATIONTRADING Existing Use : Commercial Office INVESTMENTCONSTRUCTION & REAL ESTATE ADVOCATESSERVICES & OTHERS & SOLICITORS Car Park : 645 bays TRANSPORTATION & FREIGHT CATEGORY HEALTH &S PERSONALQ FT CARE % Number of Tenants : 29 EDUCATION Government Agencies 83,294 29.00 Acquisition Cost : RM86.05m TENANCY RENEWAL PROFILE - KBTINVESTMENT Telecommunication/ It/ Electronic/ ADVOCATES & SOLICITORS Latest Revaluation : RM114.00m Electrical 81,765 28.47 Trading 39,611 13.79 Date of Revaluation : 1 March 2010 Construction & Real Estate 21,456 7.47 TENANCYServices & RENEWALOthers PROFILE - KBT 16,400 5.71 Occupancy Rate : 100.00% Transportation & Freight 14,955 5.21 Gross Revenue : RM9.82m Health & Personal Care 11,400 3.97 Education 11,171 3.89 Net Property Income : RM5.61m Investment 6,171 2.15 Advocates & Solicitors 1,000 0.34 Major Capital Expenditure : Nil Sq Ft Total (Sq Ft) Total 287,223 100.00 Average Lease Period : 3 years 250,000 Valuer : Rahim & Co Chartered TEN200,000ANCY RENEWAL PROFILE Surveyors Sdn Bhd Total (Sq Ft) Sq Ft 339,998 316,577 150,000250,000 212,369 100,000200,000 339,998 316,577 150,00050,000 212,369 23,132 100,0000 51,722 2011 2012 2013 Financial Year Ending 31 March 50,000 23,132 0 51,722 2011 2012 2013 Financial Year Ending 31 March FYE Total (sq ft) % 2011 212,369 73.94 2012 51,722 18.01 2013 23,132 8.05 TOTAL 287,223 100.00 30 AmFIRST annual report 2010 AmFIRST annual report 2010 31 PROPERTY POrTfOLIO (Cont’d) THE SUMMIT SUBANG USJ (“THE summit”) The Summit Subang USJ is located within one of the commercial hubs of UEP Subang Jaya and one of the major townships in the Klang Valley. The Summit Subang USJ is an integrated commercial complex, which comprises of a 13-storey office tower and a 17-storey hotel tower, both located atop a 6-storey retail podium. The retail mall is currently undergoing enhancement works, to transform it into a “Preferred Shopping Mall” in the locality. Located about 35 km from Kuala Lumpur city centre, it is accessible via the Federal Highway or the New Pantai Expressway, which will eventually intersect with Persiaran Kewajipan. Alternatively, it is also accessible from the Lebuh Raya Shah Alam via the Kewajipan Interchange. Lebuhraya Shah Alam forms part of the Kuala Lumpur Middle Ring Road II and is connected to three major highways namely the North-South Expressway, Puchong-Damansara Expressway and North-South Expressway Central Link. 32 AmFIRST annual report 2010 AmFIRST annual report 2010 33 PROPERTY PORTFOLIO (Cont’d) TENANT MIX - SUMMIT - OFFICE TENANT MIX - SUMMIT - RETAIL TENANT MIX - SUMMIT - OFFICE TENANT MIX - SUMMIT - RETAIL THE SUMMIT SUBANG USJ TENANT TRADE MIX ANALYSIS - OFFICE Location : The Summit Subang USJ Persiaran Kewajipan, USJ 1 47600 UEP Subang Jaya Selangor Darul Ehsan Description of Property : A 13-storey office tower, a 6-storey retail podium and a 332-room 4 star rated hotel. Land Title (Parent Lot) : Lot 14, Pekan Subang Jaya District of Petaling State of Selangor Darul Ehsan Tenure : Freehold Encumbrances : Lien Holder’s Caveat Year Of Completion : 1998 Age Of Building : 12 years Net Lettable Area : Retail - 562,102 sq ft Major Tenants - Office SERVICES/OTHERS LEISURE & ENTERTAINMENT, SPORTS & FITNESS Office - 144,667 sq ft CONSTRUCTION ANCHOR (SUPERMARKET & DEPT. STORE) 1. Salcon Resources Hotel - 286,600 sq ft LOGISTIC EDUCATION/ENRICHMENT(COLLEGE)/AUDITORIUM SERVICES/OTHERS LEISURE & ENTERTAINMENT, SPORTS & FITNESS Sdn Bhd HEALTH/PERSONAL CARE/BEAUTY F&B/FAST FOOD/FOOD RETAIL/FOOD COURT Existing Use : Commercial Office, CONSTRUCTION ANCHOR (SUPERMARKET & DEPT. STORE) 2. UPS SCS Services TELECOMMUNICATION / IT FASHION APPAREL/ACCESSS. LOGISTIC EDUCATION/ENRICHMENT(COLLEGE)/AUDITORIUM Hotel and Retail Mall (Malaysia) Sdn HOBBIES,JEWELLERY/TIME PIECE/GIFTS & SPECIALTY HEALTH/PERSONAL CARE/BEAUTY F&B/FAST FOOD/FOOD RETAIL/FOOD COURT 1 Bhd (Fritz Logistic ELECTRICAL/TELECOMMUNICATION Car Park : 1966 bays TELECOMMUNICATION / IT FASHION APPAREL/ACCESSS. Services) SERVICES & OTHERS HOBBIES,JEWELLERY/TIME PIECE/GIFTS & SPECIALTY No. Of Tenants : Retail - 87 3. Leblanc HOMES IMPROVEMENT/FURNITURE ELECTRICAL/TELECOMMUNICATION Office - 25 HEALTH/PERSONAL CARE/BEAUTY Communication SERVICES & OTHERS Acquisition Cost1 : RM271.84m (M) Sdn Bhd HOMES IMPROVEMENT/FURNITURE HEALTH/PERSONAL CARE/BEAUTY Latest Revaluation1 : RM287.50m CATEGORY SQ FT % Date Of Revaluation : 2 March 2010 TENANCYConstruction RENEWAL PROFILE - SUMMIT37,325 - OFFICE 40.84 TENANCY RENEWAL PROFILE - SUMMIT - RETAIL Occupancy Rate : Retail - 82.76% Services/Others 24,896 27.24 Office - 66.00% TENANCYTelecommunication RENEWAL / PROFILEIt - SUMMIT14,299 - OFFICE 15.65 TENANCY RENEWAL PROFILE - SUMMIT - RETAIL Hotel - 76.16% Health/Personal Care/Beauty 13,618 14.90 Gross Revenue : RM35.51m Logistic 1,254 1.37 Net Property Income : RM23.55m TOTAL 91,392 100.00 Major Capital Expenditure : Nil Average Lease Period : 1 to 2 years Total (Sq Ft) Total (Sq Ft) Valuer : Rahim & Co Chartered TENSqA FtNCY RENEWAL PROFILE - OFFICE Sq Ft 60,000 150,000 Surveyors Sdn Bhd Sq Ft Total (Sq Ft) Sq Ft Total (Sq Ft) 50,000 60,000 145,000150,000 148,784 40,000 50,976 50,000 140,000145,000 145,851 30,000 148,784 40,000 50,976 140,000 135,000 145,851 20,000 30,000 130,000135,000 10,000 21,845 20,000 134,950 18,571 0 125,000130,000 10,000 21,845 2011 2012 2013 2011 2012134,950 2013 18,571 Financial Year Ending 31 March Financial Year Ending 31 March 0 125,000 2011 2012 2013 2011 2012 2013 Financial Year Ending 31 March Financial Year Ending 31 March FYE Total (sq ft) % 2011 18,571 20.32 2012 50,976 55.78 1 This has taken into account the compulsory land acquisition of 2013 21,845 23.90 159 car park bays by the Selangor State Government for the TOTAL 91,392 100.00 extension of the LRT.