Date of Acquisition
1 August 2017
Acquisition price
RM
0
million
Land Area (sq.ft.)
0
Value per sq.ft.
RM
0
Gross Floor Area (sq.ft.)
0
Appraised Value
RM
0
million
Capitalisation Rate - Current/Reversionary (%)
0
-
0
/
0
Master Lease Details
Master Lessee
DCH Contract Manufacturing Sdn Bhd
Rental
RM6.2 million per annum
Rental Basis
Triple-Net lease
Rental Uplift
The rent is subject to review every 3 years and the next review date shall be 1 January 2022. At each rent review date, the rent shall be increased to the greater of the then prevailing fair market value and CPI adjustment, subject to a cap on the increase of 10%.
Duration
Initial term – expires 31 December 2034
Renewal term – automatically extended for one further term of 5 years on the same terms and conditions unless the Lessee gives written notice to the Lessor not less than 18 months prior to the end of the Initial Term that it does not wish to extend the term or that it wishes to extend the term for the period in excess of five years but less than or equal to 15 years
Lot 6, Persiaran Perusahaan, Section 23,
40300 Shah Alam, Selangor Darul Ehsan, Malaysia
40300 Shah Alam, Selangor Darul Ehsan, Malaysia