AL-SALAM REIT ANNUAL REPORT 2020

143 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 10. INVESTMENT PROPERTIES (CONT’D) A summary of the investment properties of the Group and of the Fund, as required to be disclosed by the SC Guidelines, is as follows: (cont’d) Remaining Fair Tenure Term of term Date of 2020 2019 value Description of property of land lease of lease Location valuation Fair value Fair value hierachy Years Years RM RM 6. QSR Properties: (cont’d) Warehouse and factory rr. Warehouse ##** Freehold - - Simpant Ampat, Penang 31/12/2020 1,500,000 1,600,000 3 ss. Warehouse and factory #** Leasehold 99 78 Kota Kinabalu, Sabah 31/12/2020 3,000,000 3,000,000 3 tt. Warehouse ##** Leasehold 99 69 Pelabuhan Klang, Selangor 31/12/2020 47,398,000 47,398,000 3 uu. Warehouse and factory ##** Leasehold 99 69 Pelabuhan Klang, Selangor 31/12/2020 27,000,000 27,000,000 3 vv. Warehouse and factory ##** Freehold - - Shah Alam, Selangor 31/12/2020 59,052,000 59,052,000 3 ww. Warehouse #*** Leasehold 999 882 Kota Kinabalu, Sabah 31/12/2020 3,640,000 3,650,000 3 # The investment properties amounting to RM152,094,000 (2019: RM121,675,000) are used to secure against Term Financing-I (“TF-i”) issued by the Fund as disclosed in Note 17. ## The investment properties amounting to RM1,030,760,000 (2019: RM331,108,000) are used to secure against Islamic Medium Term Notes (“IMTNs”) issued by the subsidiary as disclosed in Note 17. ### Restaurant with drive-through facility: Pizza Hut and KFC Off Jalan Kepong, Kuala Lumpur, Nilai amounting of RM16,000,000 (2019: RM16,000,000) are used to secure against Commodity Murabahah Revolving Credit (“CMRC”). * Based on valuation carried out by independent professional valuer, Messrs. Cheston. ** Based on valuation carried out by independent professional valuer, Messrs. VPC Alliance (Kajang) Sdn Bhd. *** Based on valuation carried out by independent professional valuer, Messrs. IM Global Property Consultant Sdn Bhd.