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Property |
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| Atrium Shah Alam 2 |
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Address |
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| Lot 7A, Persiaran Jubli Perak, Seksyen 22, 40300 Shah Alam, Selangor Darul Ehsan, Malaysia. |
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Property type |
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| Industrial |
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Description |
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| A single storey warehouse and a double storey office building with a total Net Lettable Area measuring 258,702 sq.ft. |
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Year of completion |
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| 2004 |
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Tenure |
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| Freehold |
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Existing use |
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| Warehouse and office |
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Date of acquisition |
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| 2 April 2007 |
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Cost of acquisition |
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| RM49,100,000 |
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Tenant |
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| CEVA Logistics (Malaysia) Sdn Bhd |
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Occupancy |
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| 100% |
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Tenancy Period |
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| 3 years, expiring 31 May 2012. |
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Encumbrances |
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| None |
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Latest valuation |
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| RM 53,700,000 |
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Basis of valuation |
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| Investment , cost and comparison method |
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Date of latest valuation |
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| 19 December 2008 |
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Professional Valuer |
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| Raine & Horne International Zaki + Partners Sdn Bnd |
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Fair Value adjustment |
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| RM 4,600,000 |
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Net book value |
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| RM 53,700,000 |
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