Subang Parade |
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Subang Parade was the first ‘regional’ shopping centre in Selangor when it was opened in 1988. The
centre is located in the heart of Subang Jaya’s 
commercial district,
a township 25 minutes drive from Kuala Lumpur.
Subang Parade's positioning strategy is neighbourhood-focused, with an emphasis on its primary trade area. This market focus provides the centre with a captive customer base, whose needs are met by a tenant mix offering value and convenience. Last year, the introduction of a cinema and the marketplace have further enhanced the tenant mix of the centre, bringing us closer to our purpose in meeting customers’ needs.
Subang Parade's refurbishment was recognised by the International Council of Shopping Centers (ICSC) with a Silver Award for Development & Design at the 2008 ICSC Asia Awards. Subang Parade remains the largest shopping centre in Subang Jaya.
| Location | No. 5 Jalan SS 16/1, Subang Jaya 47500 Petaling Jaya Selangor MALAYSIA |
| Title | Freehold |
| Primary Trade Area | 833,538 within 15-mins drive time |
| Gross Floor Area | 1,169,038 sq ft |
| Net Lettable Area | 500,447 sq ft |
| Car Park | 1,250 |
| Valuation | RM391.3 million |
| Tenants* | 132 |
| Key Tenants | Parkson, Celebrity Fitness, Best Denki, Digital One, MPH |
| Occupancy | 99.76% |
| Visitor Traffic | 11.4 million |
| Year Opened | 1988 |
| Year Acquired by REIT | 2006 |
| Year Refurbished | 2006-7 |
Data as of 31 December 2012. * Only NLA Lots
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Subang Parade's Top Ten Tenants
| Tenant | Trade Sector | NLA (sq ft) | % of Total NLA |
% of Monthly Rental Income* |
|
|---|---|---|---|---|---|
| 1 | Parkson | Department Store | 140,620 | 28.1% | 13.5% |
| 2 | Celebrity Fitness | Leisure & Entertainment | 34,317 | 6.9% | 2.9% |
| 3 | Digital One | Electronics & IT | 21,361 | 4.3% | 2.5% |
| 4 | Best Denki | Electronics & IT | 24,739 | 4.9% | 2.1% |
| 5 | TGI Friday's | Food & Beverage | 5,655 | 1.1% | 2.0% |
| 6 | Kenny Rogers Roasters | Food & Beverage | 3,610 | 0.7% | 1.9% |
| 7 | World of Sports | Fashion & Footwear | 5,769 | 1.2% | 1.8% |
| 8 | MPH Bookstores | Gifts/Specialty | 17,385 | 3.5% | 1.7% |
| 9 | Voir | Fashion & Footwear | 4,387 | 0.9% | 1.7% |
| 10 | The Reject Shop | Fashion & Footwear | 9,192 | 1.8% | 1.7% |
| Top 10 Tenants (By Monthly Rental Income) |
267,035 | 53.4% | 31.7% | ||
| Other Tenants | 233,412 | 46.6% | 68.3% | ||
| Total | 500,447 | 100.0% | 100.0% | ||
* Based on monthly rental income for December 2012.
Subang Parade'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 | 46 | 99,896 | 20% | 29% |
| FY 2014 | 55 | 155,394 | 31% | 32% |
| FY 2015 | 27 | 217,174 | 43% | 31% |
* Based on monthly rental income for December 2012. Figures may not round to 100% due to miscellaneous items.