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⁾

1,252,031 sq ft
Number of car park bays⁽³⁾

Approximately 1,836
Net lettable area⁽⁴⁾

887,087 sq ft
Number of leases⁽⁴⁾

388
Committed occupancy rate⁽⁴⁾

94.4%
Shopper traffic for 2020

9.4 million

Notes:

Based on the valuations as at 31 December 2020 commissioned by Mtrustee, trustee of CMMT.
Equal to RM800.0 million for Gurney Plaza and RM215.0 million for Gurney Plaza Extension.
As at 31 December 2020.
As at 30 September 2021.