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Queensbay Mall

Located in Bayan Lepas - the heart of the high-tech Free Industrial Zone in south of Penang island, Queensbay Mall is easily accessible given its location which enjoys close proximity to two bridge connections (Penang Bridge and Sultan Abdul Halim Muadzam Shah Bridge) as well as the Penang International Airport. The free-standing 8-storey shopping centre with a lower ground floor and a lower ground mezzanine comprising five floors of retail space and car parks.

As one of the largest shopping malls in Penang island, Queensbay Mall houses international and home-grown brands including fashion, lifestyle, dining, entertainment, sports, electronics, home furnishing and department store. Please visit www.queensbaymallmalaysia.com for more information.

Property Information

Tenure

Freehold
Independent valuation⁽¹⁾

RM1,000.00 million
Purchase consideration

RM990.50 million
Gross floor area⁽²⁾
Total of 1,282,681 sq ft comprising:
- Strata title area: 881,833 sq ft
- Accessories parcels to the strata titles: 45,338 sq ft
- Car park: 355,510 sq ft
(CLMT's interest in Queensbay Mall comprises 91.8% of the total strata floor area of retail parcels and 100% of the car park bays.)
Number of car park bays⁽²⁾

2,529
Net lettable area⁽³⁾

883,165 sq ft
Number of leases⁽³⁾

306
Committed occupancy rate⁽³⁾

97.6%

Notes:

Based on the valuation as at 7 October 2022 determined by the independent valuer, Savills (Malaysia) Sdn. Bhd.
As at 7 October 2022.
Committed leases as at 31 March 2023.