Atrium REIT Managers Sdn Bhd

Our Properties

ATRIUM Shah Alam 1 ATRIUM Shah Alam 2 ATRIUM Shah Alam 3 ATRIUM Shah Alam 4 ATRIUM Shah Alam 5 ATRIUM Puchong ATRIUM USJ ATRIUM Bayan Lepas 1 ATRIUM Bayan Lepas 2

Description

A single storey warehouse annexed with a four storey office building

Property

Atrium Shah Alam 1

Address

Lot 1-8, Persiaran Jubli Perak, Seksyen 22, 40300 Shah Alam, Selangor Darul Ehsan, Malaysia

Title details

GRN 177482 for Lot No. 38264, Pekan Baru Hicom, District of Petaling State of Selangor Darul Ehsan, Malaysia

Property type

Industrial

Year of completion

2005

Land details

Freehold land measuring approximately 573,124 sq.ft.

Existing use

Warehouse and office

Parking spaces

191 car bays
05 motorcycle bays
30 lorry bays

Date of acquisition

2 April 2007

Cost of acquisition

RM57,200,000

Lessee

Ninja Logistics Sdn Bhd

Occupancy

100%

Lease/ Tenancy Period :

6 years

Major capital expenditure during the year :

Nil

Encumbrances

The property is charged to a financial institution to secure a Short-Term Revolving Credit facility of RM39,600,000

Latest valuation

RM100,000,000

Date of revaluation :

27 November 2023

Valuer

Raine & Horne International Zaki + Partners Sdn Bhd

Fair Value adjustment

RM3,660,000

Net book value

RM96,340,000

Net Lettable Area

311,736 sq.ft

Description

A single storey warehouse annexed with a double storey office building

Property

Atrium Shah Alam 2

Address

Lot 7A, Persiaran Jubli Perak, Seksyen 22, 40300 Shah Alam, Selangor Darul Ehsan, Malaysia

Title details

Lot No. P.T. 90 held under H.S. (D) No. 188265, Pekan Baru Hicom, District of Petaling, State of Selangor Darul Ehsan, Malaysia

Property type

Industrial

Year of completion

2004

Land details

Freehold land measuring approximately 522,706 sq.ft

Existing use

Warehouse and office

Parking spaces

125 car bays
129 motorcycle bays
20 lorry bays

Date of acquisition

2 April 2007

Cost of acquisition

RM49,100,000

Lessee

Samsung SDS Malaysia Sdn Bhd

Occupancy

100%

Lease/ Tenancy Period

5 years

Major capital expenditure during the year

Nil

Encumbrances

The property is charged to a financial institution to secure a Term Loan, Overdraft and Bank Guarantee facilities of RM41,065,288.

Latest valuation

RM88,300,000

Date of revaluation

27 November 2023

Valuer

Raine & Horne International Zaki + Partners Sdn Bhd

Fair Value adjustment

RM4,800,000

Net book value

RM83,500,000

Net Lettable Area

259,933 sq.ft

Description

A single storey warehouse annexed with a double storey office

Property

Atrium Shah Alam 3

Address

No.10, Persiaran Sabak Bernam, Section 26, Shah Alam Industrial Estate, 40000 Shah Alam, Selangor Darul Ehsan

Title details

H.S.(D) 63508, PT503, Mukim Damansara, District of Petaling, Selangor Darul Ehsan, Malaysia

Property type

Industrial

Year of completion

1990
2018 (Asset Enhancement Initiative)

Land details

Freehold land measuring approximately 140,078 sq. ft.

Existing use

Warehouse and office

Parking spaces

64 car bays
32 motorcycle bays
8 lorry bays

Date of acquisition

16 March 2017

Cost of acquisition

RM21,698,113

Tenant

DSV Solutions (DC) Sdn Bhd

Occupancy

100%

Lease/ Tenancy Period

3 years

Major capital expenditure during the year

Nil

Encumbrances

The property is charged to a financial institution to secure a Term Loan and Bank Guarantee facility of RM18,700,000

Latest valuation

RM30,500,000

Date of revaluation

28 November 2023

Valuer

Raine & Horne International Zaki + Partners Sdn Bhd

Fair Value adjustment

RM265,000

Net book value

RM30,235,000

Net Lettable Area

90,670 sq.ft.

Description

A double storey warehouse with a mezzanine office and a sub-basement carpark

Property

Atrium Shah Alam 4

Address

Lot 7, Persiaran Raja Muda, Section 16, 40200 Shah Alam, Selangor Darul Ehsan

Title details

HSD 325041 Mukim Bandar Shah Alam, Petaling, Selangor

Property type

Industrial

Year of completion

1990
2023 (Asset Enhancement Initiative)

Land details

HSD 325041 - 50 years leasehold expiring 1 February 2073, measuring approximately 302,337 sq. ft

Existing use

Warehouse and office

Parking spaces

165 car bays
158 motorcycle bays

Date of acquisition

24 February 2021

Cost of acquisition

RM45,000,000

Lessee

DHL Properties (Malaysia) Sdn Bhd

Occupancy

100%

Lease/ Tenancy Period

6 years

Major capital expenditure during the year

RM44,237,724

Encumbrances

The property is charged to a financial institution to secure a Medium-Term Note facility of RM36,000,000

Latest valuation

RM102,300,000

Date of revaluation

28 November 2023

Valuer

Raine & Horne International Zaki + Partners Sdn Bhd

Fair Value adjustment

(RM4,438,000)

Net book value

RM106,738,000

Net Lettable Area

338,417 sq.ft.

Description

single storey factory/warehouse cum three storey office (“Atrium Shah Alam 5”)

Property

Atrium Shah Alam 5

Address

Lot 5, Persiaran Raja Muda, Seksyen 16, 40200 Shah Alam, Selangor Darul Ehsan

Title details

HS(D) 324738, PT -, Tempat of Industrial Site at Batu Tiga, Mukim of Damansara, Daerah of Petaling, State of Selangor Darul Ehsan

Property type

Industrial

Year of completion

1969
2025 (estimated) (Asset Enhancement Initiative)

Land details

HSD 324738 - 99 years leasehold land expiring on 13 November 2068; measuring approximately 261,511 sq. ft.

Existing use

N/A

Parking spaces

-

Date of acquisition

6 May 2024

Cost of acquisition

RM41,000,000

Lessee

N/A

Occupancy

N/A

Lease/ Tenancy Period

N/A

Major capital expenditure during the year

N/A

Encumbrances

The property is charged to a financial institution to secure a Medium-Term Note facility of RM32,800,000.

Latest valuation

RM41,000,000

Date of revaluation

3 October 2023

Valuer

LaurelCap Sdn Bhd

Fair Value adjustment

N/A

Net book value

RM41,000,000

Description

A single storey warehouse annexed with a four storey office building

Property

Atrium Puchong

Address

No.2 Jalan PPU 1, Taman Perindustrian Puchong Utama, Batu 12 ½ Jalan Puchong, 47100 Puchong, Selangor Darul Ehsan, Malaysia

Title details

Lot No. 65108 held under Geran No. 44178, Pekan Puchong Perdana, District of Petaling, State of Selangor Darul Ehsan

Property type

Industrial

Year of completion

2002

Land details

Freehold land measuring approximately 292,234 sq.ft.

Existing use

Warehouse and office

Parking spaces

129 car bays
110 motorcycle bays
30 lorry bays

Date of acquisition

2 April 2007

Cost of acquisition

RM38,500,000

Tenant

Lazada Express (Malaysia) Sdn Bhd

Occupancy

100%

Lease/ Tenancy Period :

3 years

Major capital expenditure during the year

Nil

Encumbrances

Nil

Latest valuation

RM61,700,000

Date of revaluation

30 November 2023

Valuer

Raine & Horne International Zaki + Partners Sdn Bhd

Fair Value adjustment

RM2,900,000

Net book value

RM58,800,000

Net Lettable Area

203,994 sq.ft

Description

A single storey warehouse with annexed double storey office building (Block A), a single storey warehouse (Block B) and a single storey warehouse with annexed double storey office building (Block C)

Property

Atrium USJ

Address

No.16, Jalan TP 6, Taman Perindustrian UEP, 47620 Subang Jaya, Selangor Darul Ehsan, Malaysia

Title details

Geran 75650 Lot 46914 Mukim Damansara, Daerah Petaling, Negeri Selangor Darul Ehsan, Malaysia

Property type

Industrial

Year of completion

2008

Land details

Freehold land measuring approximately 219,422 sq.ft.

Existing use

Warehouse and office

Parking spaces

122 car bays
39 motorcycle bays
5 lorry bays

Date of acquisition

22 December 2011

Cost of acquisition

RM25,000,000

Tenant

Rohlig Malaysia Sdn. Bhd.

Occupancy

100%

Lease/ Tenancy Period

Block A: 2 years 4 months
Block B: 3 years
Block C: 3 years

Major capital expenditure during the year

Nil

Encumbrances

The property is charged to a financial institution to secure a Term Loan and Bank Guarantee Facilities of RM21,000,000

Latest valuation

RM40,900,000

Date of revaluation

27 November 2023

Valuer

Raine & Horne International Zaki + Partners Sdn Bhd

Fair Value adjustment

RM1,300,000

Net book value

RM39,600,000

Net Lettable Area

128,086 sq.ft.

Description

A single storey warehouse annexed with a double storey office and other ancillary buildings

Property

Atrium Bayan Lepas Plant 1

Address

150F, Block A, Jalan Kampung Jawa, Taman Perindustrian Bayan Lepas, 11900 Bayan Lepas, Penang

Title details

Lot No. 2027 and Plot No. 203, Mukim 12, Daerah Barat Daya, Pulau Pinang held under Pajakan Negeri 2850 And H.S.(D) 14852 respectively

Property type

Industrial

Year of completion

1972

Land details

Lot No. 2027 - 60 years leasehold expiring on 7 March 2036; measuring approximately 174,354 sq.ft. Plot No. 203 - 60-year leasehold land expiring on 3 March 2042; measuring approximately 157,861 sq.ft.

Existing use

Factory and office

Parking spaces

192 car bays
106 motorcycle bays

Date of acquisition

22 October 2020

Cost of acquisition

RM50,371,707

Lessee/ Sun-Lessee

Lumileds Malaysia Sdn Bhd

Occupancy

100%

Lease/ Tenancy Period :

15 years

Major capital expenditure during the year

Nil

Encumbrances

The property is charged to a financial institution to secure a Medium-Term Note facility of RM35,000,000

Latest valuation

RM50,000,000

Date of revaluation

29 November 2023

Valuer

First Pacific Valuers Property Consultants Sdn Bhd

Fair Value adjustment

(RM788,000)

Net book value

RM50,788,000

Net Lettable Area

189,932 sq.ft.

Description

A double-storey factory building and other ancillary buildings

Property

Atrium Bayan Lepas Plant 2

Address

Plot 401, Lintang Bayan Lepas 8, Kawasan Perindustrian Bayan Lepas Fasa 4, Mukim 12, 11900, Penang

Title details

Lot 70812 held under Title No. PN 9036, Mukim 12, Daerah Barat Daya,Pulau Pinang

Property type

Industrial

Year of completion

2012

Land details

60-year lease expiring on 7 May 2072; measuring approximately 514,730 sq.ft.

Existing use

Factory and office

Parking spaces

527 car bays
366 motorcycle bays
6 lorry bays

Date of acquisition

7 October 2019

Cost of acquisition

RM131,240,048

Lessee/ Sun-Lessee

Lumileds Malaysia Sdn Bhd

Occupancy

100%

Lease/ Tenancy Period :

15 years

Major capital expenditure during the year

Nil

Encumbrances

The property is charged to a financial institution to secure a Medium-Term Note facility of RM87,000,000

Latest valuation

RM122,000,000

Date of revaluation

29 November 2023

Valuer

First Pacific Valuers Property Consultants Sdn Bhd

Fair Value adjustment

(RM1,498,000)

Net book value

RM123,498,000

Net Lettable Area

298,569 sq.ft.