Mid Valley Megamall

Retail Excellence, Redefined.

Mid Valley Megamall opened in 1999 and is currently one of Malaysia’s largest shopping destinations, with a gross floor area of 4.5 million square feet and a nett lettable area of 1.8 million square feet. The centre spans six trading levels and more than 11,000 parking bays.

Mid Valley Megamall is also the first retail hub to house four major anchor tenants: AEON BiG, Golden Screen Cinemas, AEON and Metrojaya. The shopping experience is heightened by 12 Major Space Users and over 457 specialty shops that are at the forefront of customer trends and needs.

Also located within the space is Mid Valley Exhibition Centre (MVEC), complete with an atrium and 3 halls within 67,621 square feet for events and exhibitions all year round.

Land area of master title (sq ft) 1,047,532
Tenure Leasehold for 99 years expiring on 6 June 2103
Master title particulars PN 37075, Lot 80 Seksyen 95A, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Encumbrances/material limitations in master title Trust caveat lodged by the Trustee on behalf of IGB REIT vide Presentation No. 15448/2012 dated 14 September 2012
Trust caveat lodged by the Trustee on behalf of IGB REIT vide Presentation No. 16050/2012 dated 26 September 2012
Restrictions in interest in master title This land shall not be transferred, leased, secured or charged except with the consent of the Federal Territory Land Executive Committee Secretariat
(Tanah ini tidak boleh dipindahmilik, dipajak, dicagar atau digadai melainkan dengan kebenaran Jawatankuasa Kerja Tanah Wilayah Persekutuan Kuala Lumpur)*
Express conditions in master title This land shall be used for commercial building only
(Tanah ini hendaklah hanya untuk bangunan perdagangan sahaja)
Type Retail
Appraised Value as at 31 December 2018 (RM’000) 3,665,000
Purchase consideration (RM’000) 3,440,000
Net Lettable Area (NLA) as at 31 December 2018 (sq ft) 1,819,777
Gross Floor Area as at 31 December 2018 (sq ft) 6,107,103
Number of tenancies as at 31 December 2018 556
Occupancy rate as at 31 December 2018 (%) 99.3
Number of car park bays as at 31 December 2018 6,092

# TGM is separately held under 3 issue documents of strata title. The transfer of these strata titles has been registered in favour of the Trustee.

* The extended expiry date of the Authority’s consent for the transfer of MVM in favour of the Trustee is 15 August 2019.

IGB Real Estate Investment Trust

Managed by IGB REIT Management Sdn Bhd 201201006785 (908168-A)
Registered office :
Level 32, The Gardens South Tower,
Mid Valley City
Lingkaran Syed Putra,
59200 Kuala Lumpur.

Contact Information

Email : corporate-enquiry@igbreit.com
Tel : +603 2289 8989
Fax : +603 2289 8802