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Wetex Parade

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Wetex Parade is an integrated retail development located within the commercial district of Muar, Johor. Wetex Parade is the leading shopping centre in town and serves as the premier retail destination for the Muar area.

As part of the integrated development, Classic Hotel is situated on top of Wetex Parade and is one of the leading hotels in Muar. Hektar REIT has secured a 10-year net lease with the operator as part of the terms of the acquisition in May 2008.

Location 69 Jalan Ali,
Off Jalan Sulaiman
84000 Muar
Johor
Title Freehold
Primary Trade Area 201,600 within 20 minutes’ drive
Gross Floor Area 281,590 sq ft
Net Lettable Area 159,153 sq ft
Classic Hotel GFA/NLA 125,931 sq ft
Car Park 175
Valuation** RM135.2 million
Tenants* 76
Key Tenants The Store, McDonald’s, Watsons, Popular
Occupancy 100.0%
Visitor Traffic 4.6 million per annum
Year Opened 1996
Year Acquired by REIT 2008

Data as of 31 December 2016 * Only NLA Lots
** Valuation includes Classic Hotel


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Wetex Parade

Wetex Parade's Top Ten Tenants by Rental Income


Tenant Trade Sector NLA (sq ft) % of Total
NLA
% of Monthly
Rental Income*
1 The Store Department Store/Supermarket 85,413 53.7% 26.0%
2 Watsons Services 2,027 1.3% 4.3%
3 Living Cabin Gifts/Books/Toys/Specialty 2,949 1.9% 3.0%
4 McDonald’s Food & Beverage 2,489 1.6% 2.5%
5 Tanjongmas Bookcentre Gifts/Books/Toys/Specialty 4,037 2.5% 2.3%
6 Popular Gifts/Books/Toys/Specialty 7,190 4.5% 2.3%
7 Sukan Muara Leisure & Entertainment/Sport & Fitness 1,356 0.9% 2.1%
8 Fabiano Ricco/Ecco Fashion & Footwear 1,259 0.8% 2.0%
9 Baker House Confectionery Food & Beverage 990 0.6% 1.8%
10 Pao Sing Gifts/Books/Toys/Specialty 1,023 0.6% 1.8%
  Top 10 Tenants (by monthly rental income) 108,733 68.4% 48.1%
  Other Tenants 50,420 31.6% 51.9%
  Total 159,153 100.0% 100.0%

* Based on monthly rental income for December 2016

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Wetex Parade's Tenancy Mix

Tenancy Mix

* Based on monthly rental income for December 2016

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Wetex 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 2017 19 109,868 69% 48%
FY 2018 37 32,203 20% 35%
FY 2019 6 16,985 11% 17%

*Based on monthly rental income for December 2016.

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