Central Square |
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Completed in 1997, Central Square is the most established retail centre
in Sungai Petani and is considered as one of the most recognizable landmarks in the area.
Strategically situated in the town centre, Central Square is well-positioned as a neighbourhood mall that caters to its immediate surrounding community. It houses an established mix of national and international brand retailers.
The REIT intends to embark on an asset enhancement initiative to the shopping centre to provide the shopping centre with a fresh and modern façade.
| Location | 23, Jalan Kampung Baru, 08000 Sungai Petani Kedah MALAYSIA |
| Title | Freehold |
| Primary Trade Area | 406,870 within 15-mins drive time |
| Gross Floor Area | 743,117 sq ft |
| Net Lettable Area | 300,046 sq ft |
| Car Park | 467 |
| Valuation | RM84.7 million |
| Tenants* | 88 |
| Key Tenants | The Store, Popular Bookstore, Ampang Superbowl |
| Occupancy | 89.80% |
| Visitor Traffic | N/A |
| Year Opened | 1997 |
| Year Acquired by REIT | 2012 |
Data as of 31 December 2012. * Only NLA Lots
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Central Square's Top Ten Tenants
| Tenant | Trade Sector | NLA (sq ft) | % of Total NLA |
% of Monthly Rental Income* |
|
|---|---|---|---|---|---|
| 1 | The Store | Department Store | 130,000 | 43.3% | 36.8% |
| 2 | KFC | Food & Beverage | 3,619 | 1.2% | 3.9% |
| 3 | Kerry Leisure Concepts | Leisure & Entertainment | 6,780 | 2.3% | 3.1% |
| 4 | Popular Bookstore | Gifts/Specialty | 6,450 | 2.1% | 2.9% |
| 5 | Ampang Superbowl | Leisure & Entertainment | 25,000 | 8.3% | 2.8% |
| 6 | RB First Avenue | Food & Beverage | 1,105 | 0.4% | 2.6% |
| 7 | STUDIO | Fashion & Footwear | 6,043 | 2.0% | 2.5% |
| 8 | Reject Shop | Fashion & Footwear | 11,968 | 4.0% | 2.3% |
| 9 | Guardian Pharmacy | Gifts/Specialty | 1,443 | 0.5% | 2.2% |
| 10 | Mr D.I.Y. | Homewares & Furnishing | 6,940 | 2.3% | 1.8% |
| Top 10 Tenants (By Monthly Rental Income) |
199,348 | 66.4% | 60.9% | ||
| Other Tenants | 100,698 | 33.6% | 39.1% | ||
| Total | 300,046 | 100.0% | 100.0% | ||
* Based on monthly rental income for December 2012.
Central Square's Expiry Profile
| For Year Ending 31 December |
No. of Tenancies Expiring |
NLA of Tenancies Expiring (sq ft) |
NLA of Tenancies Expiring as % of Total NLA |
% of Total Monthly Rental Income* |
|---|---|---|---|---|
| FY 2013 | 38 | 42,069 | 14% | 19% |
| FY 2014 | 35 | 44,984 | 15% | 22% |
| FY 2015 | 11 | 172,919 | 58% | 55% |
* Based on monthly rental income for December 2012. Figures may not round to 100% due to miscellaneous items.