AL-SALAM REIT ANNUAL REPORT 2017

38 AL-SALĀM REIT ANNUAL REPORT 2017 OPERATIONAL REVIEW RETAIL SEGMENT KOMTAR JBCC OVERVIEW OF PROPERTY KOMTAR JBCC is the jewel in Al-Salām REIT’s crown and it is part of an integrated development comprising a 7-storey shopping mall cum car park complex together with rooftop and basement parking area, an existing 25-storey purpose built office known as Menara KOMTAR, an office tower (currently under construction) to be known as Menara Johor Land and a proposed Holiday Inn Hotel. The 318- room hotel which is expected to be ready by 2020 will be one of the first hotels in the city to offer internationally branded mid-scale accommodation. The mall’s geographic position is in the heart of Johor Bahru, adjacent to CIQ and this allows it to draw on a wide range of local, day-trippers from Singapore (both Singaporean and international tourists) and other longer- stay international tourists. In addition, the direct linkage of the mall to the transport hub of JB Sentral, allows it to further capitalise on potential visitors from outside its identified catchment. The tenant mix of KOMTAR JBCC is reflective of its position as a prime regional shopping mall in Johor Bahru. KOMTAR JBCC features an array of outlets of famous international brands which include international brands like Swarovski, Fossil, Chanel, Tumi, Esteé Lauder, Dior, Kiehl’s, Victoria’s Secret, Pandora, Mark’s & Spencer, and Tony Roma’s amongst others. The anchor tenants are Metrojaya Department Store and the Angry Birds Activity Park. TENANT PROFILE i. Top Ten Tenant The major tenants contributed for approximately 27% of total income. ii. Trade Sector Analysis (Gross Rental Income) The table below provides a breakdown of the different trade sectors represented in KOMTAR JBCC as at 31 December 2017. iii. Tenancy Expiry Profile (NLA) The table below sets out a summary on KOMTAR JBCC as at 31 December 2017. Existing Use 4-level Shopping Mall GFA (sq. ft.) 623,374 NLA (sq. ft.) 397,076 Number of Car Park Bays 1,187 Market Value RM465 million Number of Tenancies 121 Occupancy Rate 95% 15% 6% 35% 44%  FYE 2018  FYE 2019  FYE 2020  > FYE 2020 Tenant % of Total Income Metrojaya 10 Padini Concept Store 5 Brands Outlet 2 Mark’s & Spencer 2 G2000 2 F.O.S 2 Angry Bird Activity Park 2 Kapitan Grocer 2 The table below sets out a summary on KOMTAR JBCC as at 31 December 2017. Existing Use 4-level Shopping Mall GFA (sq. ft.) 623,374 NLA (sq. ft.) 397,076 Number of Car Park Bays 1,187 Market Value RM465 million Number of Tenancies 121 Occupancy Rate 95%  Gross Rental Income (%)  Trade Sector by NLA (%) Departmental Store & Supermarket Fashion & Accessories Beauty & Wellness Timepieces & Jewellery Food & Beverage Leisure Others 10 38 20 8 5 11 2 17 8 11 2 8 25 35 15% 6% 35% 44%  FYE 2018  FYE 2019  FYE 2020  > FYE 2020 Tenant % of Total Income Metrojaya 10 Padini Concept Store 5 Brands Outlet 2 Mark’s & Spencer 2 G2000 2 F.O.S 2 Angry Bird Activity Park 2 Kapitan Grocer 2 The table below sets out a summary on KOMTAR JBCC as at 31 December 2017. Existing Use 4-level Shopping Mall GF (sq. ft.) 623,374 NLA (sq. ft.) 397,076 Number of Car P rk Bays 1,187 Market Value RM465 million Number of Tenancies 121 Occupancy Rate 95%  Gross Rental Income (%)  Trade Sector by NLA (%) Departmental Store & Supermarket Fashion & Accessories Beauty & Wellness Timepieces & Jewellery Food & Beverage Leisure Others 10 38 20 8 5 11 2 17 8 11 2 8 25 35 15% 6% 35% 44%  FYE 2018  FYE 2019 20 > FYE 2020 Tenant % of Total Income Metrojaya 10 Padini Concept Store 5 Brands Outlet 2 Mark’s & Spencer 2 G2000 2 F.O.S 2 Angry Bird Activity Park 2 Kapitan Grocer 2 The table below sets out a summary on KOMTAR JBCC as at 31 December 2017. Existing Use 4-level Shopping Mall GFA (sq. ft.) 623,374 NLA (sq. ft.) 397,076 Number of Car Park Bays 1,187 Market Value RM465 million Number of Tenancies 121 Occupancy Rate 95%  Gross Rental Income (%)  Trade Sector by NLA (%) Departmental Store & Supermarket Fashion & Accessories Beauty & Wellness Timepieces & Jewellery Food & Beverage Leisure Others 10 38 20 8 5 11 2 17 8 11 2 8 25 35