Home / Our Portfolio / Gurney Plaza

Gurney Plaza

Gurney Plaza is strategically located in the famous Gurney Drive promenade in Penang and approximately three kilometres to the north-west of city centre of Georgetown, Penang's capital. It is Penang's premier lifestyle shopping mall and a one-stop shopping and entertainment destination catering to both family and tourists arriving in Penang.

Gurney Plaza is a nine-storey shopping complex with two levels of basement comprising nine floors of retail space from Basement 1 to the 7th floor and car park spaces at the two basement levels, the 4th to 8th floor and on the rooftop. As Penang's premier shopping mall, it houses various well-known brands for shopping, dining and entertainment.

Please visit www.gurneyplaza.com.my for more information.

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)
    886,583 sq ft
  • Number of leases(4)
    381
  • Committed occupancy rate(4)
    96.0%
  • Shopper traffic for 2021
    7.9 million
Notes:
  1. Based on the valuations as at 31 December 2021 commissioned by MTrustee, trustee of CLMT.
  2. Equal to RM800.0 million for Gurney Plaza and RM215.0 million for Gurney Plaza Extension.
  3. As at 31 December 2021.
  4. As at 30 September 2022.