Paradigm REIT

Introduction

Paradigm Mall Johor Bahru is a retail mall comprising six retail levels with a mezzanine floor, a cinema, a convention centre, and both basement and elevated car park levels. Strategically located along Jalan Skudai in Taman Bukit Mewah, Johor Bahru, it stands as the largest shopping centre in the Skudai township. Its prime location provides easy access via major highways, including Skudai Highway, Pasir Gudang Highway, and the North-South Highway, attracting both local visitors and tourists from Singapore, with just a 20-minute drive from the Woodlands Checkpoint, encouraging foot traffic from Singaporean tourists.

Located in a mature township, Paradigm Mall Johor Bahru caters to a diverse demographic, including families and middle to upper-income groups. Surrounded by established residential areas like Taman Bukit Mewah and Taman Bukit Indah, the mall enjoys consistent foot traffic. The integrated development also features Hyatt Place Hotel and Paradigm Residence, further enhancing its appeal and offering a vibrant experience for visitors.

Year of Completion

2017

Age of Building

Approximately 7 years

Title

Strata Title No. Geran 413471/M1/B1/1 together with Accessory Parcel No(s). A1-A10 (inclusive), A12, A29, A33-A35 (inclusive), A47-A56 (inclusive), A62, A63, A65-A78 (inclusive), A84-A86 (inclusive), A89-A97 (inclusive), A103, A104, A107-A115 (inclusive), A121, A122, A125-A133 (inclusive), A139, A140, A143-A152 (inclusive), A158, A159, A162-A168 (inclusive), A171-A173 (inclusive), A217-A220 (inclusive), A319, A526-A529 (inclusive), A531, A532, A538-A540 (inclusive), A546, A552, A553, A555-A559 (inclusive), A574-A589 (inclusive), A591 and A596, sited on Parent Lot 32665, Mukim of Tebrau, District of Johor Bahru, Johor Darul Takzim

Encumbrances

Charged to RHB Islamic Bank Berhad vide Presentation No. 15080/2025 registered on 21 February 2025.

The above encumbrance will be discharged upon Listing.

Tenure

Interest in perpetuity

Gross Floor Area

3,630,689 square feet

Net Lettable Area*

1,292,956 square feet

Number of Car Park Bays

3,370

Occupancy Rate as at 31 March 2025*

99.3%

Date of Acquisition

Acquisition Price

Appraised Value

RM1,157 million

Date of Latest Valuation

Independent Valuer

Gross Revenue*

FYE 2024: RM112,683 million

Net Property Income*

FYE 2024: RM72,588 million

Top Largest Tenants

Parkson, HomePro, Golden Screen Cinemas, Harvey Norman, Village Grocer, Ruma, Food Arcade, Blue Frost Ice Rink, Mythos & Showroom

*as at 31 March 2025

Paradigm Mall Johor Bahru