Sunway Putra Place 7.1 Retail 7.2 Office 7.3 Hotel/Serviced Apartment

161 Pages·2012·2.74 MB·English

7 Special Highlight - the best mall of its days, and households, interspersed with
Sunway Putra Place attracted visitors from a wide pockets of high income projects
catchment area. such as Titiwangsa, Sentul East
and West by YTL. Nevertheless,
Sunway Putra Place (“SPP”) is
we noted that the project is
a mixed development located at
7.1 Retail within walking distance from a
the north western fringe of the
few major condominiums in the
city centre, within the boundary
As a retail centre, Sunway neighbourhood that can provide
of the Middle Ring Road, Jalan
Putra Mall has a fairly strong solid patronage to the mall,
Tun Razak. It is about 3km
catchment population of 1.3 such as Villa Putra, Villa Puteri,
north-west of KLCC. It has close
million within a 15 minutes’ drive Regalia, and Bestari Lavender
proximity to Putra World Trade
band which cuts across most and Bergonia.
Centre (“PWTC”), a major mixed
parts of Kuala Lumpur. Within
development of hotel, offices and
the more immediate primary Within the wider catchment
a convention centre. PWTC was
catchment, the predominant area, there are substantial
formerly the premier convention
population is Malay at 46%, competitors, with some 11.3
and exhibition centre in Kuala
followed by Chinese at 35%. million sq. ft. Nevertheless, these
Lumpur until newer competitors
are mainly indirect competitions,
came into the market. PWTC
In terms of household income, predominated by the very prime
houses the UMNO headquarters.
the catchment area has a major malls in the city centre.
Both PWTC and SPP synergise
wide range, with the high class However given its location, if
with each other despite having
suburb of Bukit Tunku and the mall can be positioned to
some common components
Taman Duta to the immediate target the relatively under-served
such as office and hotel. Visitors
western side, whilst Kampung northern suburbs, it should have
to PWTC’s various exhibitions
Baru is to the east. Located a competitive advantage.
provide patronage to SPP’s hotel
between Sunway Putra Place
and mall. The recent completion
and Kampung Baru is Chow Kit,
of an overhead bridge linking to
a vibrant commercial area which 7.2 Office
the LRT station provides better
is the focus of petty traders
integration of the two projects.
dealing in low end goods. To the Other competing offices in the
north side is Sentul and Setapak, area are PWTC, Wisma Perkim,
Developed in the mid-1980s and
which have a mixed population Menara PJD, Wisma Permata
designed by an award-winning
of low to middle income and Plaza Perkeliling, which are
architect, the project had
mainly Grade C properties. As
such, an upgrade of Putra Place
will provide a better competitive
Map 1: Sunway Putra Place and its Catchment Area
edge to the competition, but
it will still need to be able to
identify a suitable niche market,
given its location which is not
popular as an office area for
mainstream tenants.
7.3 Hotel/Serviced Apartment
The hotel can take advantage
of its proximity to key demand
drivers such as convention
centre at PWTC, UMNO
headquarter, The General
Hospital, IJN and Chow Kit
business district.
There are generally limited
competitions for the higher
rated hotel properties in the
neighbourhood, and this is the
niche position of 3-4 star that
Sunway Putra Hotel can
leverage upon.
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SUNWAY REIT ANNUAL REPORT 2012
PORTFOLIO
PORTFOLIO AT A GLANCE
AT A GLANCE
PENANG GEOGRAPHICAL CONTRIBUTION
SUNWAY CARNIVAL SHOPPING MALL BY PROPERTY VALUE AS AT 30 JUNE 2012
SUNWAY HOTEL SEBERANG JAYA
PENANG PERAK SELANGOR KUALA LUMPUR
PERAK 7% 1% 75% 17%
SUNCITY IPOH HYPERMARKET
Thailand
Langkawi
Perak
Selangor
Penang
Kuala Lumpur
Johor Bahru
RETAIL HOTEL OFFICE
Singapore
ASSET BREAKDOWN
BY PROPERTY VALUE AS AT 67% 24% 9%
30 JUNE 2012
ASSET BREAKDOWN 63% 22% 15%
Melaka BY GFA AS AT 30 JUNE 2012
KUALA LUMPUR SELANGOR
SUNWAY TOWER SUNWAY PYRAMID SHOPPING MALL
SUNWAY PUTRA MALL SUNWAY RESORT HOTEL & SPA
SUNWAY PUTRA HOTEL PYRAMID TOWER HOTEL
SUNWAY PUTRA TOWER MENARA SUNWAY
ASSET GROWTH SINCE IPO
RETAIL 2,879,245 22
%
(NLA sq. ft.) 2,351,148
HOTEL 1,811 52
%
(No. of rooms) 1,193
OFFICE 861,969 60
%
(NLA sq. ft.) 537,390
30 June 12 IPO
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SUNWAY REIT ANNUAL REPORT 2012
PORTFOLIO
AT A GLANCE
PENANG GEOGRAPHICAL CONTRIBUTION
SUNWAY CARNIVAL SHOPPING MALL BY PROPERTY VALUE AS AT 30 JUNE 2012
SUNWAY HOTEL SEBERANG JAYA
PENANG PERAK SELANGOR KUALA LUMPUR
PERAK 7% 1% 75% 17%
SUNCITY IPOH HYPERMARKET
Thailand
Langkawi
Perak
Selangor
Penang
Kuala Lumpur
Johor Bahru
RETAIL HOTEL OFFICE
Singapore
ASSET BREAKDOWN
BY PROPERTY VALUE AS AT 67% 24% 9%
30 JUNE 2012
ASSET BREAKDOWN 63% 22% 15%
Melaka BY GFA AS AT 30 JUNE 2012
KUALA LUMPUR SELANGOR
SUNWAY TOWER SUNWAY PYRAMID SHOPPING MALL
SUNWAY PUTRA MALL SUNWAY RESORT HOTEL & SPA
SUNWAY PUTRA HOTEL PYRAMID TOWER HOTEL
SUNWAY PUTRA TOWER MENARA SUNWAY
ASSET GROWTH SINCE IPO
RETAIL 2,879,245 22
%
(NLA sq. ft.) 2,351,148
HOTEL 1,811 52
%
(No. of rooms) 1,193
OFFICE 861,969 60
%
(NLA sq. ft.) 537,390
30 June 12 IPO
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SUNWAY REIT ANNUAL REPORT 2012
R
ETAIL
Power of Consumerism
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SUNWAY REIT ANNUAL REPORT 2012
Power of Consumerism
Sunway Pyramid Shopping Mall
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PORTFOLIO SUMMARY
RETAIL
SUNWAY PYRAMID SHOPPING MALL SUNWAY CARNIVAL SHOPPING MALL
Location Location
Selangor Penang
Date of acquisition Date of acquisition
8-Jul-2010 8-Jul-2010
Acquisition price (RM million) Acquisition price (RM million)
2,132 232
Year of completion Year of completion
Phase 1 in 1997; Phase 2 in 2007 2007
Title details & expiry date Title details & expiry date
- PN 17414 Lot No. 62059 - PN 1816 Lot No. 5497
21 February 2102 (commenced 22 February 21 October 2092 (commenced 22 October
2003, approx. 90 years remaining) 1993, approx. 80 years remaining)

- PN9500 Lot No. 51175 - PN 1817 Lot No. 5498
1 April 2097 (commenced 2 April 1998, 21 October 2092 (commenced 22 October
approx. 85 years remaining) 1993, approx. 80 years remaining)

- PN9495 Lot No. 32 - PN 1818 Lot No. 5499
1 April 2097 (commenced 2 April 1998, 21 October 2092 (commenced 22 October
approx. 85 years remaining) 1993, approx. 80 years remaining)

- HS(D)259957 Lot No. PT1312 All in Mukim1,
1 April 2097 (commenced 2 April 1998, Daerah Seberang Perai Tengah,
approx. 85 years remaining) Negeri Pulau Pinang.

- HS(D)233143 Lot No. PT891
14 August 2105 (commenced 15 August
2006, approx. 93 years remaining)
All in Bandar Sunway, Daerah Petaling,
Negeri Selangor
Tenure Tenure
99 year lease 99 year lease
Encumbrances Encumbrances
i) Charged to Public Investment Bank Berhad Nil
ii) Private Caveat by Public Bank Berhad
Appraised value (RM million) Appraised value (RM million)
2,540 257
Date of latest valuation* Date of latest valuation*
June - 2012 June - 2012
* Note: All the properties are valued by Knight Frank (Proprietor: Ooi & Zaharin Sdn Bhd)
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SUNWAY REIT ANNUAL REPORT 2012
SUNCITY IPOH HYPERMARKET SUNWAY PUTRA MALL
Location Location
Perak Kuala Lumpur
Date of acquisition Date of acquisition
8-Jul-2010 19-Apr-2011
Acquisition price (RM million) Acquisition price (RM million)
46 219
Year of completion Year of completion
2005 1988
Title details & expiry date Title details
- PN258216 Lot No. 331232 - Geran 10012,
22 February 2100 (commenced 23 February Lot 38, Seksyen 51
2001, approx. 88 years remaining)
Kuala Lumpur, Wilayah Persekutuan.
Mukim Hulu Kinta,
Daerah Kinta, Negeri Perak.
Tenure Tenure
99 year lease Freehold
Encumbrances Encumbrances
i) Charged to Public Investment Bank Berhad i) Charged to Public Investment Bank Berhad
ii) Private Caveat by Public Bank Berhad ii) 10 year lease to Sunway Putra Hotel
Sdn Bhd
iii) 3 0 year lease to Lembaga Letrik Negara
Tanah Melayu (Tenaga Nasional Berhad)
expiring 4 April 2017
iv) Private Caveat by Public Bank Berhad
v) Private Caveat by Trustee
Appraised value (RM million) Appraised value (RM million)
55 248
Date of latest valuation* Date of latest valuation*
June - 2012 June - 2012
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SUNWAY REIT ANNUAL REPORT 2012
PORTFOLIO DETAILS
SUNWAY
PYRAMID
SHOPPING
MALL
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SUNWAY REIT ANNUAL REPORT 2012
Sunway Pyramid, the trophy asset of The mall is part of the internationally ice-skating rink, a convention centre
Sunway REIT has won many awards renowned Sunway Resort City, which is which has hosted various international
since its opening in 1997. In 2012, master-planned and developed by the conferences and multi-storey parking
it was voted as Malaysia’s Most Sponsor. It is linked to Sunway Resort facilities.
Favourite Shopping Mall. Recently Hotel & Spa, Pyramid Tower Hotel and
ISO9001:2008 certified, this premier Sunway Lagoon and enjoys access to Large-scale regional competitive events
four-storey regional shopping mall Kuala Lumpur and the Klang Valley have been held at the mall, such as
located at Bandar Sunway has won 34 generally via five major expressways, international bowling tournaments
international and national awards namely, New Pantai Expressway, at its 48-lane bowling alley. After
to date. North Klang Valley Expressway, KESAS the completion of an expansion and
Expressway, Damansara-Puchong refurbishment on 29 September
As the country’s first thematic mall, Highway, and the Federal Highway. 2007, Sunway Pyramid Shopping Mall
Sunway Pyramid has an Egyptian- became one of Malaysia’s largest malls
inspired architectural design with four The mall services as a one-stop measured by Net Lettable Area.
themed precincts each with unique destination featuring a wide variety of
interior designs and retail concepts; dining, fashion, specialty offerings and
Asian Avenue, Oasis Boulevard, entertainment including a 12-screen
Fashion Central & Marrakesh. Cineplex, Malaysia’s only
MALAYSIA’S
MOST
FAVOURITE
MALL
Contact Details for Management Office
Centre Management Office,
Level CP6,
Blue Atrium, Sunway Pyramid Mall,
No. 3 Jalan PJS 11/15, Bandar
Sunway, 46150 Petaling Jaya,
Selangor Darul Ehsan, Malaysia.
Tel: [phone]
Fax: [phone]
www.sunwaypyramid.com
No. 3, Jalan PJS 11/15
Bandar Sunway, 46150 Petaling Jaya,
Selangor Darul Ehsan, Malaysia.
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SUNWAY REIT ANNUAL REPORT 2012
PORTFOLIO DETAILS (CONT’D)
SUNWAY
PYRAMID
SHOPPING
MALL
Land area (sq.ft.) 820,070
GFA (sq.ft.) 2,403,475 (retail & convention centre)
1,873,470 (carpark)
NLA (sq.ft.) • 1,558,331 (retail)
• 143,467 (convention centre)
No. of parking bays More than 3,900
No. of tenancies 735
Occupancy as at 30 June 2012 (%) 99.1
Annual shopper traffic More than 34 million
Revenue (RM million) 228.5
NPI (RM million) 162.3
TENANT MIX BY TRADE SECTOR
(Gross Rental Income) 4%
Departmental
Store
5%
Electronics
6%
Leisure &
Entertainment
21%
Food & Beverage
26%
Others
38%
Fashion & Footwear
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SUNWAY REIT ANNUAL REPORT 2012