S E C T I O N 3 S T R A T E G I C P E R F O R M A N C E 47 MANAGEMENT DISCUSSION AND ANALYSIS OFFICE SEGMENT - MENARA KOMTAR Menara KOMTAR OVERVIEW OF PROPERTY The 25-storey, Menara KOMTAR is a purpose-built office tower located in Flagship Zone A of Iskandar Malaysia, which was established with the key development strategy to regenerate Johor Bahru into a vibrant economic centre while preserving its cultural and heritage values. It is also located strategically within proximity of the world’s most dynamic economy at the confluence of important EastWest trade routes and part of the Indonesia-MalaysiaSingapore Growth Triangle. Existing Use Office tower GFA (sq ft) 242,195 NLA (sq ft) 160,592 Market Value RM62.0 million Occupancy Rate 86% 7% 8% 58% Assets Sdn Bhd Damansara echnopark Sdn Bhd T T PM Others JCorp 69% 16% Income (%) Gross Rental December 2021 Based on 9% 13% Net Lettable December 2021 Based on 20% Area Income (%) Tenant Mix by Trade Sector Top 3 Tenants Tenant % Total Income JCORP 69% TPM Technopark Sdn Bhd 8% Damansara Assets Sdn Bhd 7% 42% 7% 28% % 2025 2024 2023 2022 23 Lease Expiry Profile Based on Net Lettable Area (%) 6% 020 86% 2021 91% 2017 90% 2018 89% 2019 8 2 Average Occupancy Rate (%)
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