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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) RM1,635.0 million
Purchase consideration RM1,015.0 million(3)
Gross floor area(4) 1,252,031 sq ft
Number of car park bays(4) Approximately 1,836
Net lettable area (5) 897,895 sq ft
Number of leases(5) 423
Committed occupancy rate(5) 98.5%
Shopper traffic for 2017 17.0 million

  1. Including Gurney Plaza Extension.
  2. Based on the valuations as at 31 December 2018 commissioned by Mtrustee, trustee of CMMT.
  3. Equal to RM800.0 million for Gurney Plaza and RM215.0 million for Gurney Plaza Extension.
  4. As at 31 Dec 2018.
  5. As at 31 March 2019.