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Gurney Plaza

Gurney Plaza is strategically located along the popular Gurney Drive promenade in Penang, Gurney Plaza is situated in one of the prime real estate areas on the island. Opened in July 2001, the nine-storey Gurney Plaza has undergone regular asset enhancement initiatives and today, it is widely recognised as the leading premier regional lifestyle shopping mall in the Northern region, and the preferred destination for shopping, dining and entertainment under one roof catering to both locals and tourists.

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)
    RM1,690.0 million
  • Acquisition Price
    RM1,015.0 million(2)
  • Gross floor area(3)
    1,253,314 sq ft
  • Number of car park bays(3)
    1,836
  • Net lettable area(4)
    889,859 sq ft
  • Number of leases(4)
    387
  • Committed occupancy rate(4)
    99.2%
  • Shopper traffic for 2023
    18.1 million
Notes:
  1. Based on the valuations as at 31 December 2023 commissioned by MTrustee, trustee of CLMT.
  2. Equals to RM800.0 million for Gurney Plaza and RM215.0 million for Gurney Plaza Extension.
  3. As at 31 December 2023.
  4. As at 31 December 2023.