AEON REIT Investment Corporation

Securities Code:3292

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M-2

AEON MALL SEREMBAN 2

  • AEON MALL SEREMBAN 21
  • AEON MALL SEREMBAN 22
Property number M-2
Property name AEON MALL SEREMBAN 2
URL http://www.aeonretail.com.my/promotion/store-locations/store-and-shopping-centre/location_detailS2.php
Location Daerah Seremban, Negeri Sembilan, Malaysia
Type Regional shopping center (RSC)

Property Features

The leading regional store having a high competitiveness located in the housing development district

●The property is characterized as Regional Shopping Center having stable and long-term management track records located in the housing development district. The property has high competitiveness as the leading regional store that has been operated by AEON CO. (M) BHD. since the commencement of business in September 2005.
●The property has approximately 100 specialty stores including movie theaters, bowling alley and amusement facilities mainly led by a General Merchandise Store - AEON. It has plenty of choices and various specialty stores which used to lack in conventional retail and related properties, and also comprises the one-stop solution service end tenants which include time-consuming contents.

Trade-Area Characteristics

●The Seremban District in the state of Negeri Sembilan where the property is located is a region with a favorable living environment as a newly developed area in the suburbs of Kuala Lumpur, the capital city of Malaysia. Housing development has been rapidly increasing in the area.
●The proportion of people aged below thirty-nine years accounts for 66% out of 130,000 trade-area people within five kilometers which forms young population structure.
●High visibility surrounded on all four sides of the property by roads and good access from the main roads are provided.
●With respect to locational convenience, there are buses available from Seremban Terminal at twenty-minute intervals.

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Key Property Data

Property name AEON MALL SEREMBAN 2
Address Geran No. Hakmilik 145168, Lot No. 27052, Bandar Seremban Utama, Daerah Seremban, Negeri Sembilan, Malaysia
Type of specified asset Real estate
Acquisition date September 30,2016
Acquisition price ¥5,252 million (215,000,000RM)
Land Lot area 51,186.00㎡
Building Completion date MMMM DD,2005
Structure / Floors Reinforced concrete and partial steel structure building with four stories above ground
Total floor area 81,135.00 m2
Property management company AEON CO. (M) BHD.
Master lease company AEON CO. (M) BHD.
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