Home / Our Portfolio / Gurney Plaza

Gurney Plaza

Gurney Plaza is located along Gurney Drive in Penang, a popular destination for both tourists and locals. It is the premier lifestyle shopping mall in Penang and is connected to G Hotel, a modern concept designer hotel.

Website: www.gurneyplaza.com.my

Property Information

Tenure

Freehold
Independent valuation⁽¹⁾

RM1,665.0 million
Purchase consideration

RM1,015.0 million⁽²⁾
Gross floor area⁽³⁾

1,252,314 sq ft
Number of car park bays⁽³⁾

Approximately 1,836
Net lettable area⁽⁴⁾

886,568 sq ft
Number of leases⁽⁴⁾

374
Committed occupancy rate⁽⁴⁾

95.9%
Shopper traffic for 2021

7.9 million

Notes:

Based on the valuations as at 31 December 2021 commissioned by MTrustee, trustee of CLMT.
Equal to RM800.0 million for Gurney Plaza and RM215.0 million for Gurney Plaza Extension.
As at 31 December 2021.
As at 31 March 2022.