Date of Acquisition
15 April 2019
Acquisition price
RM
0
million
Land Area (sq.ft.)
0
No. of Parking Bays
>
0
Appraised Value
RM
0
million
Value per sq.ft.
RM
0
Gross Floor Area (sq. ft.)
Campus
0
_
Car park
0
Capitalisation Rate - Current/Reversionary (%)
0
0
-
0
/
0
0
Master Lease Details
Master Lessee
Sunway Education Group Sdn Bhd (“SEG”) and/or its relevant subsidiaries
Rental
RM34.2 million per annum for the first year
Rental Basis
Triple-net lease
Rental Uplift
2.3% per annum for each subsequent year of the first 30-year term
Duration
30 years from 1 December 2018 with an option to renew for a second term of 30 years (at the expiry of the first term) and a third term of 18 years and four months up to 31 March 2095 (at the expiry of the second term)
5, Jalan University, Bandar Sunway,
47500 Subang Jaya, Selangor Darul Ehsan, Malaysia
47500 Subang Jaya, Selangor Darul Ehsan, Malaysia