 |
|
 |
|
|
Property |
 |
| Atrium Shah Alam 1 |
|
Address |
|
| Lot 1-8, Persiaran Jubli Perak, Seksyen 22, 40300 Shah Alam, Selangor Darul Ehsan, Malaysia. |
|
Property type |
|
| Industrial |
|
Description |
|
| A single storey warehouse and a four storey office building with a total Net Lettable Area measuring 311,736 sq.ft. |
|
Year of completion |
|
| 2005 |
|
Tenure |
|
| Freehold |
|
Existing use |
|
| Warehouse and office |
|
Date of acquisition |
|
| 2 April 2007 |
|
Cost of acquisition |
|
| RM57,200,000 |
|
Tenant |
|
| Exel Properties (Malaysia) Sdn Bhd |
|
Occupancy |
|
| 100% |
|
Lease Period |
|
| 5 years, expiring on 31 December 2010 |
|
Encumbrances |
|
| The property is charged to a financial institution to secure a Short Term Revolving Credit facility of RM 45 million |
|
Latest valuation |
|
| RM 61,400,000 |
|
Basis of valuation |
|
| Investment , cost and comparison method |
|
Date of latest valuation |
|
| 19 December 2008 |
|
Professional Valuer |
|
| Raine & Horne International Zaki + Partners Sdn Bnd |
|
Fair Value adjustment |
|
| RM 4,200,000 |
|
Net book value |
|
| RM 61,400,000 |
|
|
|
|
