pg. 47 Approach to Value Creation Integrated Annual Report 2025 PORTFOLIO CAPITAL MYDIN HYPERMARKET GONG BADAK Date of acquisition: 2018 Acquisition Cost: RM155.0 million Title: PN 10207 Tenure & Expiry Date: Leasehold – 99 years, expiring on 26th December 2109 Encumbrance: Charged to Malaysian Trustees Berhad Year of Completion: 2014 Age of Building: 11 years Appraised Value: RM173.0 million (Date of valuation 31 December 2025) Mydin Hypermarket Gong Badak stands as a prominent two-storey hypermarket strategically located in Kuala Terengganu. As a dedicated hub for commercial activity, it operates effectively within the robust retail and wholesaling market segments, serving as a central point for trade and consumer engagement. Notably, the master lease structure mitigates income volatility and benefits from Mydin’s strong brand presence and consistent shopper traffic, reinforcing the asset’s role as a defensive retail component within Al-Salām REIT’s portfolio. The mall features a comprehensive and diverse layout designed to meet a wide array of business and consumer needs. This extensive offering comprises conventional retail and F&B lots, complemented by versatile promotion areas, kiosks, and pushcarts. Additionally, the inclusion of ancillary lots, bazaar spaces, and a dedicated food court creates a vibrant, all-encompassing environment that supports a dynamic range of shopping and dining experiences under one roof. Lot 52606 (Formerly PT No. 35511), Dataran Austin, Jalan Gong Pak Damat, 21200 Kuala Terengganu, Terengganu https://mydin.my/ Nil T: +60 9-662 7509 Land area (sqft) 307,309 GFA (sqft) 360,628 NLA (sqft) 253,784 No. of Parking Bays 805 No. of Tenancies Master leased to Mydin Value per sqft (RM) 681.68 Occupancy Rate 100% RETAIL SEGMENT
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