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) 1,060,783
Tenure Leasehold for 83 years expiring on 11 April 2104
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 Private caveat lodged by Hong Leong Bank Berhad (Registration No. 193401000023 (97141-X)) vide Presentation No. PDB6233/2021 dated 9 July 2021
Private caveat lodged by Malaysian Trustees Berhad (Registration No. 197501000080 (21666-V)) vide Presentation No. PDB6763/2021 dated 27 July 2021
Private caveat lodged by the Trustee on behalf of IGB Commercial Real Estate Investment Trust vide Presentation No. PDB7576/2021 dated 17 August 2021
Private caveat lodged by the Trustee on behalf of IGB REIT vide Presentation No. PDB7577/2021 dated 17 August 2021
Restrictions in interest in master title This land shall not be transferred, leased or charged without the consent of the Federal Territory Land Executive Committee Secretariat
(Tanah ini tidak boleh dipindahmilik, dipajak atau digadai tanpa kebenaran Jawatankuasa Kerja Tanah Wilayah Persekutuan Kuala Lumpur)*
Express conditions in master title This land shall be used for commercial building for purpose of office towers, hotels, retail malls, office shops/lots and car park spaces only
(Tanah ini hendaklah digunakan untuk bangunan perdagangan bagi tujuan menara pejabat, hotel, pusat membeli-belah, kedai pejabat dan tempat letak kereta sahaja)
Type Retail
Appraised Value as at 31 December 2021 (RM’000) 3,665,000
Purchase consideration (RM’000) 3,440,000
Net Lettable Area (NLA) as at 31 December 2021 (sq ft) 1,844,874
Gross Floor Area as at 31 December 2021 (sq ft) 6,107,052
Number of tenancies as at 31 December 2021 546
Occupancy rate as at 31 December 2021 (%) 98.7
Number of car park bays as at 31 December 2021 5,992

* The extended expiry date of the State Authority’s consent for the transfer of MVM in favour of the Trustee is 11 July 2022.

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