AL-SALAM REIT ANNUAL REPORT 2019

34 ANNUAL REPORT 2019 The table below sets out a summary on KOMTAR JBCC as at 31 December 2019. Existing Use 4-level Shopping Mall GFA (sq ft) 623,374 NLA (sq.ft ) 396,334 Number of Car Park Bays 1,049 car parks and 480 motorcycle parking bays Market Value RM462 million Number of Tenancies 120 tenants Occupancy Rate 60% 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 2019. TENANT PROFILE i. Top Ten Tenant The major tenants contributed for approximately 26% of total income. Tenant % Brands Outlet 2 Vincci 2 Good2u Outlet Store 2 Padini Concept Store 5 F.O.S 2 Angry Bird Family 2 Kapitan Grocer 2 Marks & Spencer 3 Sephora 2 RHB BANK 4 TOTAL 26 Trade Sector By Occupied NLA(%) Gross Rental Income (%) 1 2 36 21 8 26 6 2 6 2 8 49 21 11 Supermarket Others Fashion Beauty & Wellness Timepieces & Jewellery Food & Beverages Leisure & Entertainment OVERVIEW OF PROPERTY Located in the heart of the Central Business District of Johor Bahru City Centre, KOMTAR JBCC offers an array of outlets of international and luxury brand such as Swarovski, Chanel, Tumi, Estée Lauder and Dior amongst others. The 4-storey shopping mall with indoor parking facilities is attached with an existing 25 storey purpose-built office tower known as Menara KOMTAR and a newly completed 37-storey purpose-built Grade A office tower known as Menara JLand. Being adjacent to the CIQ with excellent pedestrian connectivity to the mall allows KOMTAR JBCC to further capitalise on visitor and shoppers from outside its identified catchment. A proposed international hotel known as Holiday Inn Johor Bahru City Centre will be part of the KOMTAR JBCC mixed-use development and is expected to be completed in 2020 and that will further increase the catchment of the mall. AL-SALĀM REIT • Retail Segment KOMTAR JBCC OPERATIONAL REVIEW