A L - S A L Ā M R E I T A N N U A L R E P O R T 2 0 2 1 42 MANAGEMENT DISCUSSION AND ANALYSIS RETAIL SEGMENT - KOMTAR JBCC KOMTAR JBCC OVERVIEW OF PROPERTY Located in the heart of the Central Business District of Johor Bahru City Centre, KOMTAR JBCC offers an array of outlets offering fashion, food and beverage as well as lifestyleoriented wellness and healthcare shopping experiences. The 4-storey shopping mall with indoor parking facilities is attached to an existing 25 storey purpose-built office tower known as Menara KOMTAR, a 37-storey purpose built Grade A office tower known as Menara JLand and a family-friendly 4-star hotel known as Holiday Inn Johor Bahru City Centre. Being adjacent to the CIQ with excellent pedestrian connectivity to the mall allows KOMTAR JBCC to further capitalise on visitors and shoppers from outside its identified catchment. Existing Use 4-level Shopping Mall GFA (sq ft) 623,370 NLA (sq ft) 382,465 Number of Car Park 1,049 car parking bays Bays Owned by ART and 480 motorcycle parking bays Market Value RM429.6 million Total Parking Bay 1,702 parking bay KOMTAR JBCC Occupancy Rate 47% Top 10 Tenants Tenant % Total Income RHB 14 Kiehl’s 6 Amazing Wellness 5 Caring Pharmacy 5 Kapitan Grocer 3 Common Sense 3 Thai Express 3 Kinsahi 3 Swensen’s 3 Guardian 3 24% 4% Based on 15% 28% 27% 12% 6% imepieces & Jewellery T Supermarket ellness Beauty & W Others & Accessories Fashion Food & Beverage 29% Income (%) Gross Rental December 2021 38% 5 2% Area Income(%) Net Lettable December 2021 % 1 Based on 8% 2% 47% 2024 2023 2022 2021 43% Tenant Mix by Trade Sector Lease Expiry Profile Based on Net Lettable Area (%) 57% 2020 47% 2021 2017 95% 2018 95% 60% 2019 Average Occupancy Rate (%)
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