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 44 MANAGEMENT DISCUSSION AND ANALYSIS RETAIL SEGMENT - @MART KEMPAS @Mart Kempas OVERVIEW OF PROPERTY @Mart Kempas is a single-storey purpose-built hypermarket, operational since March 2011. Located within Kempas, Johor Bahru, the hypermarket is surrounded by residential and commercial areas. Its layout includes among others, a fresh market, dry retail lots, a food court and promotion areas. This “one-stop convenience hypermarket” targets the lower and medium market, offering a cleaner and more accessible shopping experience compared to the traditional wet market. Existing Use Community Hypermarket GFA (sq ft) 164,625 NLA (sq ft) 99,312 Number of Car Park 478 bays Market Value RM72.0 million Occupancy Rate 97% Top 10 Tenants Tenant % Total Income Unified Vision Sdn Bhd (Midas) 5 J&E Telecommunication Sdn Bhd 3 Pasaraya ku Trading (Melaka) Sdn Bhd 3 Linkme LM Trading Sdn Bhd 2 Kasut U Sdn Bhd 2 Lionmas Furnitures (M) Sdn Bhd 2 Jeko Long Sdn Bhd 2 Cosmo Restaurants Sdn Bhd 2 Ashri Soya Enterprise 2 Mr. D.I.Y. (Johor) Sdn Bhd 2 Income (%) Gross Rental December 2021 34% 6% 14% Based on Food Court Kiosk Anchor/Main Court et Market W Retail % % 20% 3% 3% 26 56 A 16% 22% D rea Income (%) Net Lettable ecember 2021 Based on 17% 5% 14% 2025 2024 2023 2022 64% Tenant Mix by Trade Sector Lease Expiry Profile Based on Net Lettable Area (%) 2021 97% 2020 96% 2019 99% 2018 99% 2017 92% Average Occupancy Rate (%)
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