Subang Parade


Subang Parade was the first ‘regional’ shopping centre in Selangor when it opened in 1988 and was once known as the “longest shopping centre in southeast Asia”.

Positioning strategy

Subang Parade’s positioning strategy is currently neighbourhood-focused with an emphasis on its primary trade area which provides the centre with a ‘captive’ customer base. The appeal of the shopping centre lies in its ability to provide value and convenience to its shoppers.

Property update

We welcomed the opening of Golden Screen Cinemas (GSC) at Subang Parade in early January 2022 subsequent to GSC’s successful acquisition of the MBO outlet in Subang Parade in 2021.

Meanwhile, 2021 also saw the entry of new retailers such as Eco Shop, Marina Nail Spa and Original Classic, in line with the tenancy rejuvenation plans for Subang Parade which would refresh its offerings of daily shopping, services, entertainment and F&B.

Title Freehold
Year opened 1988
Year acquired by Hektar REIT 2006
Year refurbished 2006-2007 / 2019-2020
No. 5, Jalan SS 16/1, Subang Jaya
47500 Petaling Jaya
Selangor

Data as of 31 December 2021

Primary trade area 1,834,000 within 20 minutes drive time
Gross floor area 1,169,038 square foot
Net lettable area 523,487 square foot
Car park 1,288 bays
Acquisition price RM280.0 million
Valuation RM423.0 million
Tenants 89 (only NLA lots)
Occupancy 82.5%
Visitor traffic 4.0 million per annum
  • Parkson
  • GSC
  • Best Denki
  • Celebrity Fitness
  • Village Grocer

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 254,716 48.7% 45.7%
Other tenants 268,771 51.3% 54.3%
Total 523,487 100.0% 100.0%
1 Parkson Department Store/Supermarket 140,620 26.9% 22.0%
2 GSC Leisure & Entertainment/Sports & Fitness 30,258 5.8% 4.0%
3 Best Denki Electronics & IT 20,930 4.0% 3.6%
4 Celebrity Fitness Leisure & Entertainment/Sports & Fitness 21,646 4.1% 3.1%
5 Village Grocer Department Store/Supermarket 26,375 5.0% 3.0%
6 Nando's Chickenland Food & Beverage/Food Court 2,610 0.5% 2.2%
7 Caring Pharmacy Health & Beauty 2,679 0.5% 2.0%
8 Yamaha Music School & Showroom Education/Service 5,733 1.1% 2.0%
9 Uncle Lim’s Café Food & Beverage/Food Court 2,500 0.5% 1.9%
10 Optical 88 Fashion & Footwear 1,365 0.3% 1.9%
Parkson
Department Store/Supermarket
140,620 square foot NLA
26.9% of total NLA
22.0% of monthly rental income[2]
GSC
Leisure & Entertainment/Sports & Fitness
30,258 square foot NLA
5.8% of total NLA
4.0% of monthly rental income[2]
Best Denki
Electronics & IT
20,930 square foot NLA
4.0% of total NLA
3.6% of monthly rental income[2]
Celebrity Fitness
Leisure & Entertainment/Sports & Fitness
21,646 square foot NLA
4.1% of total NLA
3.1% of monthly rental income[2]
Village Grocer
Department Store/Supermarket
26,375 square foot NLA
5.0% of total NLA
3.0% of monthly rental income[2]
Nando's Chickenland
Food & Beverage/Food Court
2,610 square foot NLA
0.5% of total NLA
2.2% of monthly rental income[2]
Caring Pharmacy
Health & Beauty
2,679 square foot NLA
0.5% of total NLA
2.0% of monthly rental income[2]
Yamaha Music School & Showroom
Education/Service
5,733 square foot NLA
1.1% of total NLA
2.0% of monthly rental income[2]
Uncle Lim’s Café
Food & Beverage/Food Court
2,500 square foot NLA
0.5% of total NLA
1.9% of monthly rental income[2]
Optical 88
Fashion & Footwear
1,365 square foot NLA
0.3% of total NLA
1.9% of monthly rental income[2]
Top 10 tenants (by monthly rental income)
254,716 square foot NLA
48.7% of total NLA
45.7% of monthly rental income
Other tenants
268,771 square foot NLA
51.3% of total NLA
54.3% of monthly rental income
Total
523,487 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2021. Note: changes in NLA due to reconfiguration.

Subang Parade’s tenancy mix

(Tap individual slices for more details)

  • * Based on monthly rental income for December 2021.
  • Numbers may exceed 100% due to rounding up.

Tenancy expiry profile

  2022 2023 2024
No. of tenancies expiring 75 9 5
NLA of tenancies expiring 170,824 sq ft 74,139 sq ft 186,954 sq ft
NLA of tenancies expiring as % of total NLA 32.6% 14.2% 35.7%
% of total monthly rental income[3] 60.5% 10.7% 28.8%

[3] Based on monthly rental income for December 2021

Mahkota Parade



Mahkota Parade was the first ‘regional’ shopping centre located in the heart of historic Melaka.

Positioning strategy

It is positioned as the premier shopping centre in Melaka with the established Parkson Department Store as its anchor. The centre also serves as the main destination for major community events, tourist events, and exhibitions.

Property update

In 2021, occupancy dropped to 87.1%. However, despite the market uncertainties, the Management continued to enhance the tenancy mix of the mall with the introduction of new tenants such as Skechers, Llao Llao and Gatti Sports.

Mahkota Parade remains as the main shopping destination in Melaka with 2.8 million visits in 2021.

Title Leasehold (until 2101)
Year opened 1994
Year acquired by Hektar REIT 2006
Year refurbished 2010
No. 1 Jalan Merdeka
75000 Bandar Melaka
Melaka

Data as of 31 December 2021

Primary trade area 382,200 within 20 minutes drive time
Gross floor area 1,392,623 square foot
Net lettable area 521,142 square foot
Car park 1,079 bays
Acquisition price RM232.0 million
Valuation RM323.5 million
Tenants 90 (only NLA lots)
Occupancy 87.1%
Visitor traffic 2.8 million per annum
  • Parkson
  • Seleria Food Court
  • KFC
  • Ampang Superbowl
  • MM Cineplexes

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 294,229 56.4% 41.0%
Other tenants 226,913 43.6% 59.0%
Total 521,142 100.0% 100.0%
1 Parkson Department Store/Supermarket 111,895 21.5% 16.3%
2 Seleria Food Court Food & Beverage/Food Court 31,623 6.1% 4.7%
3 Ampang Superbowl Leisure & Entertainment/Sports & Fitness 36,717 7.0% 3.0%
4 MM Cineplexes Leisure & Entertainment/Sports & Fitness 43,496 8.3% 2.9%
5 KFC Food & Beverage/Food Court 5,403 1.0% 2.9%
6 Guardian Health & Beauty 3,800 0.7% 2.4%
7 Family Store Department Store/Supermarket 25,758 4.9% 2.4%
8 Kaison Homewares & Furnishing 9,655 1.9% 2.2%
9 MR. D.I.Y. Homewares & Furnishing 16,690 3.2% 2.1%
10 Gatti Fashion & Footwear 9,192 1.8% 2.1%
Parkson
Department Store/Supermarket
111,895 square foot NLA
21.5% of total NLA
16.3% of monthly rental income[2]
Seleria Food Court
Food & Beverage/Food Court
31,623 square foot NLA
6.1% of total NLA
4.7% of monthly rental income[2]
Ampang Superbowl
Leisure & Entertainment/Sports & Fitness
36,717 square foot NLA
7.0% of total NLA
3.0% of monthly rental income[2]
MM Cineplexes
Leisure & Entertainment/Sports & Fitness
43,496 square foot NLA
8.3% of total NLA
2.9% of monthly rental income[2]
KFC
Food & Beverage/Food Court
5,403 square foot NLA
1.0% of total NLA
2.9% of monthly rental income[2]
Guardian
Health & Beauty
3,800 square foot NLA
0.7% of total NLA
2.4% of monthly rental income[2]
Family Store
Department Store/Supermarket
25,758 square foot NLA
4.9% of total NLA
2.4% of monthly rental income[2]
Kaison
Homewares & Furnishing
9,655 square foot NLA
1.9% of total NLA
2.2% of monthly rental income[2]
MR. D.I.Y.
Homewares & Furnishing
16,690 square foot NLA
3.2% of total NLA
2.1% of monthly rental income[2]
Gatti
Fashion & Footwear
9,192 square foot NLA
1.8% of total NLA
2.1% of monthly rental income[2]
Top 10 tenants (by monthly rental income)
294,229 square foot NLA
56.4% of total NLA
41.0% of monthly rental income
Other tenants
226,913 square foot NLA
43.6% of total NLA
59.0% of monthly rental income
Total
521,142 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2021. Note: changes in NLA due to reconfiguration.

Mahkota Parade’s tenancy mix

(Tap individual slices for more details)

  • * Based on monthly rental income for December 2021.
  • Numbers may exceed 100% due to rounding up.

Tenancy expiry profile

  2022 2023 2024
No. of tenancies expiring 69 12 9
NLA of tenancies expiring 235,396 sq ft 183,673 sq ft 35,084 sq ft
NLA of tenancies expiring as % of total NLA 45.2% 35.2% 6.7%
% of total monthly rental income[3] 59.2% 30.5% 10.3%

[3] Based on monthly rental income for December 2021

Wetex Parade



Wetex Parade and Classic Hotel is an integrated retail and hotel development located within the commercial heart of Muar, Johor. Opened in 1996, Wetex Parade remains as the only department store anchored shopping centre in town and serves as the premier retail destination for the royal town. Wetex Parade and Classic Hotel was Hektar REIT’s maiden acquisition in 2008 since its listing on the Main Market of Bursa Malaysia.

Property update

Overall, despite the challenging operating environment, Wetex Parade ended the year 2021 with its occupancy at close to 90%, while tenancy reversion remained positive at 6%. The mall also saw the entry of EEK Mart, Carlo Rino, Original Classic and Boost Juice in 2021. Visitor traffic was about 1.9 million.

Classic Hotel, the largest hotel in Muar and with the largest ballroom facilities recorded occupancy of 23% in 2021 with an average room rate of RM131.

Title Freehold
Year opened 1996
Year acquired by Hektar REIT 2008
Year refurbished 2010 (mall)
2018 (hotel)
69 Jalan Ali, Off Jalan Sulaiman
84000 Muar
Johor

Data as of 31 December 2021

Primary trade area 201,600 within 20 minutes drive time
Gross floor area 281,590 square foot
Net lettable area 175,014 square foot
Classic Hotel GFA 125,931 square foot
Car park 177 bays
Acquisition price RM117.5 million
Valuation RM142.0 million
Tenants 60 (only NLA lots)
Occupancy 89.9%
Visitor traffic 1.9 million per annum
  • The Store
  • Watson’s
  • Guardian
  • McDonald's
  • MR. D.I.Y.

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 119,242 68.1% 55.5%
Other tenants 55,772 31.9% 44.5%
Total 175,014 100.0% 100.0%
1 The Store Department Store/Supermarket 85,413 48.8% 28.7%
2 Watson’s Health & Beauty 2,824 1.6% 7.0%
3 Guardian Health & Beauty 2,949 1.7% 3.0%
4 McDonald's Food & Beverage/Food Court 2,489 1.4% 2.9%
5 MR. D.I.Y. Homewares and Furnishing 9,577 5.5% 2.8%
6 Popular Bookstore Gifts/Books/Toys/Specialty 7,190 4.1% 2.4%
7 Baker House Confectionery Food & Beverage/Food Court 990 0.6% 2.4%
8 Tanjongmas Bookcentre Gifts/Books/Toys/Specialty 4,037 2.3% 2.3%
9 Pao Sing Fashion & Footwear 1,023 0.6% 2.0%
10 Little Muar Food & Beverage/Food Court 2,750 1.6% 2.0%
The Store
Department Store/Supermarket
85,413 square foot NLA
48.8% of total NLA
28.7% of monthly rental income[2]
Watson’s
Health & Beauty
2,824 square foot NLA
1.6% of total NLA
7.0% of monthly rental income[2]
Guardian
Health & Beauty
2,949 square foot NLA
1.7% of total NLA
3.0% of monthly rental income[2]
McDonald's
Food & Beverage/Food Court
2,489 square foot NLA
1.4% of total NLA
2.9% of monthly rental income[2]
MR. D.I.Y.
Homewares and Furnishing
9,577 square foot NLA
5.5% of total NLA
2.8% of monthly rental income[2]
Popular Bookstore
Gifts/Books/Toys/Specialty
7,190 square foot NLA
4.1% of total NLA
2.4% of monthly rental income[2]
Baker House Confectionery
Food & Beverage/Food Court
990 square foot NLA
0.6% of total NLA
2.4% of monthly rental income[2]
Tanjongmas Bookcentre
Gifts/Books/Toys/Specialty
4,037 square foot NLA
2.3% of total NLA
2.3% of monthly rental income[2]
Pao Sing
Fashion & Footwear
1,023 square foot NLA
0.6% of total NLA
2.0% of monthly rental income[2]
Little Muar
Food & Beverage/Food Court
2,750 square foot NLA
1.6% of total NLA
2.0% of monthly rental income[2]
Top 10 tenants (by monthly rental income)
119,242 square foot NLA
68.1% of total NLA
55.5% of monthly rental income
Other tenants
55,772 square foot NLA
31.9% of total NLA
44.5% of monthly rental income
Total
175,014 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2021

Wetex Parade’s tenancy mix

(Tap individual slices for more details)

  • * Based on monthly rental income for December 2021.
  • Numbers may exceed 100% due to rounding up.

Tenancy expiry profile

  2022 2023 2024
No. of tenancies expiring 32 15 13
NLA of tenancies expiring 31,628 sq ft 103,664 sq ft 22,043 sq ft
NLA of tenancies expiring as % of total NLA 18.1% 59.2% 12.6%
% of total monthly rental income[3] 39.4% 43.2% 17.3%

[3] Based on monthly rental income for December 2021

Central Square



Completed in 1997, Central Square is the most established retail centre in Sungai Petani and is considered as one of the most recognisable landmarks in town. Strategically situated in the commercial centre and being the leading mall in town, Central Square was acquired by Hektar REIT in 2012.

Property updates

Management remains focused on improving the tenant mix and positioning of Central Square, which saw the entry of Original Classic and 7-Eleven while recording positive rental reversions of 3.7%.

We also welcomed the opening of GSC at Central Square in January 2022 after GSC’s successful acquisition of the MBO Cinema outlet in Central Square in 2021. Occupancy rate for 2021 was marginally lower at 85.9%.

Title Freehold
Year opened 1997
Year acquired by Hektar REIT 2012
Year refurbished 2015
23, Jalan Kampung Baru
08000 Sungai Petani
Kedah

Data as of 31 December 2021

Primary trade area 406,870 within 20 minutes drive time
Gross floor area 743,117 square foot
Net lettable area 310,564 square foot
Car park 478 bays
Acquisition price RM83.0 million
Valuation RM90.0 million
Tenants 45 (only NLA lots)
Occupancy 85.9%
Visitor traffic 1.9 million per annum
  • The Store
  • GSC
  • CS One Station Mobile
  • KFC
  • MR. D.I.Y.

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 209,215 67.6% 75.6%
Other tenants 101,349 32.4% 24.4%
Total 310,564 100.0% 100.0%
1 The Store Department Store/Supermarket 130,000 41.9% 44.3%
2 GSC Leisure & Entertainment/Sports & Fitness 34,412 11.1% 7.4%
3 CS One Station Mobile Electronics & IT 13,229 4.3% 5.0%
4 KFC Food & Beverage/Food Court 3,619 1.2% 4.8%
5 MR. D.I.Y. Homewares & Furnishing 11,968 3.9% 3.2%
6 Guardian Health & Beauty 1,443 0.5% 2.8%
7 Seleria Food Court Food & Beverage/Food Court 6,084 2.0% 2.3%
8 Wow Wonderland Box Leisure & Entertainment/Sports & Fitness 5,600 1.8% 2.1%
9 Poly Shoe Fashion & Footwear 1,521 0.5% 2.1%
10 Butik Tiesto Fashion & Footwear 1,339 0.4% 1.6%
The Store
Department Store/Supermarket
130,000 square foot NLA
41.9% of total NLA
44.3% of monthly rental income[2]
GSC
Leisure & Entertainment/Sports & Fitness
34,412 square foot NLA
11.1% of total NLA
7.4% of monthly rental income[2]
CS One Station Mobile
Electronics & IT
13,229 square foot NLA
4.3% of total NLA
5.0% of monthly rental income[2]
KFC
Food & Beverage/Food Court
3,619 square foot NLA
1.2% of total NLA
4.8% of monthly rental income[2]
MR. D.I.Y.
Homewares & Furnishing
11,968 square foot NLA
3.9% of total NLA
3.2% of monthly rental income[2]
Guardian
Health & Beauty
1,443 square foot NLA
0.5% of total NLA
2.8% of monthly rental income[2]
Seleria Food Court
Food & Beverage/Food Court
6,084 square foot NLA
2.0% of total NLA
2.3% of monthly rental income[2]
Wow Wonderland Box
Leisure & Entertainment/Sports & Fitness
5,600 square foot NLA
1.8% of total NLA
2.1% of monthly rental income[2]
Poly Shoe
Fashion & Footwear
1,521 square foot NLA
0.5% of total NLA
2.1% of monthly rental income[2]
Butik Tiesto
Fashion & Footwear
1,339 square foot NLA
0.4% of total NLA
1.6% of monthly rental income[2]
Top 10 tenants (by monthly rental income)
209,215 square foot NLA
67.6% of total NLA
75.6% of monthly rental income
Other tenants
101,349 square foot NLA
32.4% of total NLA
24.4% of monthly rental income
Total
310,564 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2021

Central Square’s tenancy mix

(Tap individual slices for more details)

  • * Based on monthly rental income for December 2021.
  • Numbers may exceed 100% due to rounding up.

Tenancy expiry profile

  2022 2023 2024
No. of tenancies expiring 35 5 5
NLA of tenancies expiring 88,710 sq ft 131,915 sq ft 46,271 sq ft
NLA of tenancies expiring as % of total NLA 28.6% 42.5% 14.9%
% of total monthly rental income[3] 35.7% 47.6% 16.8%

[3] Based on monthly rental income for December 2021

Kulim Central



Kulim Central is the only shopping centre in Kulim, Kedah and it was acquired by Hektar REIT in 2012.

Property update

The mall formerly known as Landmark Central was rebranded in 2017, and is now known as Kulim Central following the completion of the refurbishment and AEI exercise. The positive payoff from the asset enhancement initiative continues till today with new brands such as sports and lifestyle retailer Original Classic and international premium coffee specialist retailer, The Coffee Bean & Tea Leaf as well as Mi Store making their entries into Kulim Central in 2021, thereby enhancing the vibrancy of the tenancy mix in the mall.

Occupancy remained steady at 94% in 2021. One of our anchor tenants, Giant Superstore, which was relaunched in 2019, has also renewed its tenancy agreement for the next 3 years.

Title Freehold
Year opened 2009
Year acquired by Hektar REIT 2012
Year refurbished 2017
No. 1 Jalan KLC Satu (1)
09000 Kulim
Kedah

Data as of 31 December 2021

Primary trade area 287,694 within 20 minutes drive time
Gross floor area 513,333 square foot
Net lettable area 299,781 square foot
Car park 519 bays
Acquisition price RM98.0 million
Valuation RM129.0 million
Tenants 67 (only NLA lots)
Occupancy 94.0%
Visitor traffic 1.9 million per annum
  • Giant Superstore
  • The Store
  • Seleria Food Court
  • GSC
  • Ole Ole Super Bowl

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 210,455 70.2% 50.4%
Other tenants 89,326 29.8% 49.6%
Total 299,781 100.0% 100.0%
1 Giant Superstore Department Store/Supermarket 72,140 24.1% 15.2%
2 The Store Department Store/Supermarket 57,785 19.3% 9.6%
3 Seleria Food Court Food & Beverage/Food Court 4,398 1.5% 5.6%
4 GSC Leisure & Entertainment/Sports & Fitness 24,000 8.0% 4.9%
5 Ole Ole Super Bowl Leisure & Entertainment/Sports & Fitness 23,670 7.9% 3.0%
6 MR. D.I.Y. Homewares & Furnishing 11,711 3.9% 2.7%
7 Watson's Health & Beauty 2,238 0.7% 2.6%
8 Hasani Bookstore Gifts/Books/Toys/Specialty 5,228 1.7% 2.4%
9 Hanzo Fashion & Footwear 5,755 1.9% 2.2%
10 Pizza Hut Food & Beverage/Food Court 3,530 1.2% 2.2%
Giant Superstore
Department Store/Supermarket
72,140 square foot NLA
24.1% of total NLA
15.2% of monthly rental income[2]
The Store
Department Store/Supermarket
57,785 square foot NLA
19.3% of total NLA
9.6% of monthly rental income[2]
Seleria Food Court
Food & Beverage/Food Court
4,398 square foot NLA
1.5% of total NLA
5.6% of monthly rental income[2]
GSC
Leisure & Entertainment/Sports & Fitness
24,000 square foot NLA
8.0% of total NLA
4.9% of monthly rental income[2]
Ole Ole Super Bowl
Leisure & Entertainment/Sports & Fitness
23,670 square foot NLA
7.9% of total NLA
3.0% of monthly rental income[2]
MR. D.I.Y.
Homewares & Furnishing
11,711 square foot NLA
3.9% of total NLA
2.7% of monthly rental income[2]
Watson's
Health & Beauty
2,238 square foot NLA
0.7% of total NLA
2.6% of monthly rental income[2]
Hasani Bookstore
Gifts/Books/Toys/Specialty
5,228 square foot NLA
1.7% of total NLA
2.4% of monthly rental income[2]
Hanzo
Fashion & Footwear
5,755 square foot NLA
1.9% of total NLA
2.2% of monthly rental income[2]
Pizza Hut
Food & Beverage/Food Court
3,530 square foot NLA
1.2% of total NLA
2.2% of monthly rental income[2]
Top 10 tenants (by monthly rental income)
210,455 square foot NLA
70.2% of total NLA
50.4% of monthly rental income
Other tenants
89,326 square foot NLA
29.8% of total NLA
49.6% of monthly rental income
Total
299,781 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[2] Based on monthly rental income for December 2021

Kulim Central’s tenancy mix

(Tap individual slices for more details)

  • * Based on monthly rental income for December 2021.
  • Numbers may exceed 100% due to rounding up.

Tenancy expiry profile

  2022 2023 2024
No. of tenancies expiring 54 5 8
NLA of tenancies expiring 111,977 sq ft 63,796 sq ft 106,077 sq ft
NLA of tenancies expiring as % of total NLA 37.4% 21.3% 35.4%
% of total monthly rental income[3] 59.8% 13.7% 26.5%

[3] Based on monthly rental income for December 2021

Segamat Central



Segamat Central is the only purpose-built shopping centre in Segamat and was acquired by Hektar REIT in 2017. It has the largest cinema in Segamat, a direct link to Segamat’s main bus terminal and is within walking distance of the KTM railway station.

Property update

Following the acquisition of the mall by Hektar REIT, the mall was rebranded from “1Segamat” to Segamat Central, as it is known today. Management remains focused on an “occupancy first“ strategy by executing rental revision strategy to retain existing tenants as well as attract specialty anchors and more F&B retailers to the mall.

We welcomed the opening of Original Classic and the authorised Apple reseller, Switch in 2021, offering shoppers with a new shopping experience and access to the much acclaimed Apple products. We also recently introduced an exciting new grocer, KS Mart Signature and a new F&B tenant, Siam Restaurant in January 2022. Due to the tough retail environment, occupancy has dropped to 67.3% in 2021.

Title Leasehold (until 2116)
Year opened 2011
Year acquired by Hektar REIT 2017
Year refurbished In planning
Jalan Kolam Air, Kampung Gubah
85000 Segamat
Johor

Data as of 31 December 2021

Primary trade area 190,000 within 20 minutes drive time
Gross floor area 486,789 square foot
Net lettable area 211,910 square foot
Car park 389 bays
Acquisition price RM104.0 million
Valuation RM57.0 million
Tenants 33 (only NLA lots)
Occupancy 67.3%
Visitor traffic 0.7 million per annum
  • MM Cineplexes
  • MR. D.I.Y.
  • Guardian
  • Aeon Wellness
  • Sportsz / HT Jeans

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[2]
Top 10 tenants (by monthly rental income) 64,929 30.6% 70.3%
Other tenants 146,981 69.4% 29.7%
Total 211,910 100.00% 100.00%
1 MM Cineplexes Leisure & Entertainment/Sports & Fitness 32,432 15.3% 23.5%
2 MR. D.I.Y. Homewares & Furnishing 13,896 6.6% 11.2%
3 Guardian Health & Beauty 1,615 0.8% 5.4%
4 Aeon Wellness Health & Beauty 1,551 0.7% 5.2%
5 Sportsz / HT Jeans Fashion & Footwear 4,898 2.3% 4.9%
6 XES Premium Fashion & Footwear 1,991 0.9% 4.7%
7 Switch Electronics & IT 1,184 0.6% 4.5%
8 AD Jeans Fashion & Footwear 3,218 1.5% 3.8%
9 KFC Food & Beverage / Food Court 3,240 1.5% 3.8%
10 BS Gold & Jewellery Fashion & Footwear 904 0.4% 3.3%
MM Cineplexes
Leisure & Entertainment/Sports & Fitness
32,432 square foot NLA
15.3% of total NLA
23.5% of monthly rental income[2]
MR. D.I.Y.
Homewares & Furnishing
13,896 square foot NLA
6.6% of total NLA
11.2% of monthly rental income[2]
Guardian
Health & Beauty
1,615 square foot NLA
0.8% of total NLA
5.4% of monthly rental income[2]
Aeon Wellness
Health & Beauty
1,551 square foot NLA
0.7% of total NLA
5.2% of monthly rental income[2]
Sportsz / HT Jeans
Fashion & Footwear
4,898 square foot NLA
2.3% of total NLA
4.9% of monthly rental income[2]
XES Premium
Fashion & Footwear
1,991 square foot NLA
0.9% of total NLA
4.7% of monthly rental income[2]
Switch
Electronics & IT
1,184 square foot NLA
0.6% of total NLA
4.5% of monthly rental income[2]
AD Jeans
Fashion & Footwear
3,218 square foot NLA
1.5% of total NLA
3.8% of monthly rental income[2]
KFC
Food & Beverage / Food Court
3,240 square foot NLA
1.5% of total NLA
3.8% of monthly rental income[2]
BS Gold & Jewellery
Fashion & Footwear
904 square foot NLA
0.4% of total NLA
3.3% of monthly rental income[2]
Top 10 tenants (by monthly rental income)
64,929 square foot NLA
30.6% of total NLA
70.3% of monthly rental income
Other tenants
146,981 square foot NLA
69.4% of total NLA
29.7% of monthly rental income
Total
211,910 square foot NLA
100.00% of total NLA
100.00% of monthly rental income

[2] Based on monthly rental income for December 2021.

Segamat Central’s tenancy mix

(Tap individual slices for more details)

  • * Based on monthly rental income for December 2021.
  • Numbers may exceed 100% due to rounding up.

Tenancy expiry profile

  2022 2023 2024
No. of tenancies expiring 26 4 3
NLA of tenancies expiring 59,818 sq ft 38,815 sq ft 43,992 sq ft
NLA of tenancies expiring as % of total NLA 28.2% 18.3% 20.8%
% of total monthly rental income[3] 60.0% 33.2% 6.8%

[3] Based on monthly rental income for December 2021