Our Portfolio

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

  Gurney Plaza (1)
Tenure Freehold
Independent valuation(2) RM1,550.0 million
Purchase consideration RM1,015.0 million(3)
Gross floor area(4) 1,226,709 sq ft
Number of car park bays(4) Approximately 1,836
Net lettable area (5) 892,035 sq ft
Number of leases(5) 421
Committed occupancy rate(5) 99.0%
Shopper traffic for 2016 16.9 million

  1. Including Gurney Plaza Extension.
  2. Based on the valuations as at 30 Jun 2017 commissioned by Mtrustee (formerly known as AmTrustee), trustee of CMMT.
  3. Equal to RM800.0 million for Gurney Plaza and RM215.0 million for Gurney Plaza Extension.
  4. As at 31 December 2016.
  5. As at 30 Sep 2017.