Sunway Carnival Shopping Mall
Net Lettable Area 456,768 sq.ft.(retail);
32,292 sq.ft.(convention centre)
Appraised Value RM257 million1
Land Area 348,428 sq.ft.
Gross Floor Area

769,546 sq. ft. (retail & convention centre)
323,554 sq. ft (car park)

Tenure 99 year lease hold
Year of Completion 2007
Number of Tenancies 1832
Car parking bays More than 1,1002
Website www.sunwaycarnival.com

1 Latest valuation as at June 2012

2 As at 30 June 2012


Description
Sunway Carnival Shopping Mall is a premier five-storey lifestyle shopping mall in Pusat Bandar Seberang Jaya, Penang. The mall includes an eight-screen cineplex and a convention centre.

The mall is located within Pusat Bandar Seberang Jaya, a 56-acre development initiated by the Penang State government at an estimated cost of more than RM1 billion. The township which is master-planned and developed by the Sponsor consists of office buildings, a hotel, factories and residential properties. The mall is situated in the Northern State near the bridge to Penang Island, one of Malaysia’s top tourist destinations and also close to the exit point of the North-South Expressway and Butterworth-Kulim Expressway.

The mall principally attracts shoppers from mainland Malaysia who, prior to the development of the mall in 2007, often crossed a toll-bridge to Penang Island to fulfill their shopping needs. The mall has since emerged as the leading lifestyle shopping mall in Seberang Jaya.

 

Competitive strengths of Sunway Carnival Shopping Mall

  • Well positioned in an established commercial and industrial area serving the shoppers from the mainland Penang, among a large and growing residential population.
  • The mall has a diverse tenants profile backed by established anchor tenant such as Parkson Department Store.
  • Features the Sunway Carnival Convention Centre, a 1,200 person capacity convention centre, the largest in northern Malaysia.
  • Flanked by North-South Expressway and Butterworth-Kulim Expressway.
  • The mall benefits from the recognition and reputation of the “Sunway” brand name.

Tenant profile

The mall maintains diversified mix of tenants,  of well-established tenants, both international brands and household brands such as Parkson Departmental Store, AEON Departmental Store, ZARA, MANGO, DKNY, Marks and Spencer, Padini Concept Store and others.

As at 31 December 2012, top 10 tenants of the mall accounted for 12.9% of the Gross Rental Income of the mall. The Top 10 tenants are shown in the following table:

Tenant

Trade Mix

% of Gross Rental Income

AEON Co (M) Bhd

Department Store

2.4%

Parkson Corporation Sdn Bhd

Department Store

1.8%

TGV Cinemas Sdn Bhd

Entertainment

1.7%

Sunway Resort Hotel Sdn Bhd

Convention Centre

1.3%

Uniqlo (M) Sdn Bhd

Fashion

1.2%

Pyramid Bowl Sdn Bhd

Entertainment

1.0%

Pereguine Technology Sdn Bhd

Digital

0.9%

JV Fitness Concept Sdn Bhd (Celebrity Fitness)

Fitness

0.9%

Elite Trax Marketing Sdn Bhd (Harvey Norman)

Electronics

0.9%

Padini Dot Com Sdn Bhd

Fashion

0.8%

Dated: 31st December 2012

 

 

 
 

 

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