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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.

Subang Parade’s recent refurbishment was recognised by the International Council of Shopping Centers (ICSC) with a Silver Award for Development & Design at the recent 2008 ICSC Asia Pacific Awards. Subang Parade remains the leading shopping centre in Subang Jaya.

LocationNo. 5 Jalan SS 16/1, Subang Jaya
47500 Petaling Jaya
Selangor
MALAYSIA
TitleFreehold
Primary Trade Area833,538 within 15-mins drive time
Gross Floor Area1,146,456 sq ft
Net Lettable Area474,612 sq ft
Car Park1,313
ValuationRM343.0 million
Tenants124*
Key TenantsParkson, HSL, Celebrity Fitness, MPH
Occupancy100.0%
Visitor Traffic7.8 million
Year Opened1988
Year Acquired by REIT2006
Year Refurbished2006-7

Data as of 31 December 2009. * Only NLA Lots


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Subang Parade

Subang Parade's Top Ten Tenants by Rental Income


Tenant Trade Sector NLA (sq ft) % of Total
NLA
% of Monthly
Rental Income*
1 Parkson Department Store 140,620 29.6% 13.0%
2 Celebrity Fitness Sport & Fitness 34,317 7.2% 2.8%
3 Toys R Us Gifts/Books/Toys/Stationery 21,981 4.6% 2.3%
4 Digital One Electronics & IT 21,361 4.5% 2.2%
5 Bata Fashion & Footwear 4,597 1.0% 2.2%
6 Kenny Rogers Roasters Food & Beverage 3,610 0.8% 1.9%
7 World of Sports Fashion & Footwear 5,769 1.2% 1.9%
8 TGI Friday's Food & Beverage 5,655 1.2% 1.7%
9 The Reject Shop Fashion & Footwear 9,192 1.9% 1.7%
10 Voir Fashion & Footwear 4,387 0.9% 1.7%
  Top 10 Tenants
(By Monthly Rental Income)
  251,489 53.0% 31.5%
  Other Tenants   223,123 47.0% 68.5%
  Total   474,612 100.0% 100.0%

* Based on monthly rental income for December 2009.

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Subang Parade's Tenancy Mix

* Based on monthly rental income for December 2009.

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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 2010 37 131,817 28% 26%
FY 2011 48 144,949 31% 30%
FY 2012 29 193,927 41% 29%
FY 2013 6 6,935 1% 3%

* Based on monthly rental income for December 2009.

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