36 AL-SALĀM REIT MANAGEMENT DISCUSSION AND ANALYSIS ANNUAL REPORT 2023 OFFICE SEGMENT MENARA KOMTAR 7% % rikat JCORP era umiputera 7% Inco Gros Decem 38 Bas ome (%) ental ss R mber 2023 48% JCorp Anak Sya Bumipute Bukan Bu sed on 8% 38% Inco Net Let Decem Bas 3 5% ome (%) ttable Area mber 2023 JCorp Anak Sya Bumipute Bukan Bu sed on 42% % rikat JCORP era umiputera 2024 2025 >2026 Area (%) Net Lettable 11% Based On 42% 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. Menara KOMTAR is Al-Salām REIT’s only office asset portfolio. It is expected to maintain its position as a strategic office space in Johor Bahru as well as continuous strong tenancy by Johor Corp as the building derives its core tenancy from the sponsor. Existing Use Office Tower GFA (sq. ft.) 242,195 NLA (sq. ft.) 160,592 Number of Car Park Bays 208 bays Market Value RM70 million Occupancy Rate 93% Tenant Mix by Trade Sector ASSET PERFORMANCE Lease Expiry Profile LOCATION: Johor Bahru City Centre, Johor
RkJQdWJsaXNoZXIy NDgzMzc=