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)
    RM1,647.0 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)
    897,845 sq ft
  • Number of leases(4)
    419
  • Committed occupancy rate(4)
    98.7%
  • Shopper Traffic for 2018
    17.0 million
Notes:
  1. Based on the valuations as at 30 June 2019 commissioned by Mtrustee, trustee of CMMT.
  2. Equal to RM800.0 million for Gurney Plaza and RM215.0 million for Gurney Plaza Extension.
  3. As at 31 Dec 2018.
  4. As at 30 June 2019.