Paradigm REIT

Introduction

Paradigm Mall Petaling Jaya is a regional retail mall strategically located in the heart of Kelana Jaya, Selangor. Comprising six retail levels, a lower ground floor, and two basement car park levels, including two retail floors beneath Le Meridien Petaling Jaya and The Azure Residences, the mall enjoys prime frontage along the Lebuhraya Damansara-Puchong (LDP) and is easily accessible via NKVE, SPRINT, and the Federal Highway. Its excellent connectivity is further enhanced by proximity to the Kelana Jaya LRT Station, making it a convenient destination for surrounding communities, office workers, and students.

As the anchor component of an integrated development that includes The Ascent office tower and Le Meridien Petaling Jaya, the mall benefits from a steady and diverse footfall. Surrounded by mature and affluent neighbourhoods such as Kelana Jaya, Bandar Utama, and Damansara, it positions itself as a family-friendly lifestyle mall. Paradigm Mall Petaling Jaya offers a broad retail mix, with anchor tenants including Lotus’s, Golden Screen Cinemas, Harvey Norman, Escape Challenge, Marks & Spencer and H&M.

Year of Completion

2012

Age of Building

Approximately 12 years

Title

Strata Title No(s). PN107088/M1-A/1/2 together with Accessory Parcel No(s). A4 – A22 (inclusive), A24 – A39 (inclusive), A42 – A44 (inclusive), A46, A553, A555 and A557 – A560 (inclusive); PN 107088/M1/B2/1 together with Accessory Parcel No. A23; and PN 107088/M1-B/3/5 together with Accessory Parcel No(s). A47 and A49, all sited on Parent Lot 72658 Seksyen 40, Town of Petaling Jaya, District of Petaling, Selangor Darul Ehsan

Encumbrances

Charged to Malaysian Trustees Berhad vide Presentation No. 00SC111888/2023 registered on 15 November 2023; in respect of Strata Title No(s). PN 107088/M1/B2/1 and PN 107088/M1-B/3/5; and
Charged to Malaysian Trustees Berhad vide Presentation No. 002SC99428/2023 registered on 17 October 2023; in respect of Strata Title No. PN 107088/M1-A/1/2.

The above encumbrances will be discharged upon Listing.

Tenure

Leasehold interest, expiring on 9 February 2111

Gross Floor Area

2,304,682 square feet

Net Lettable Area*

680,048 square feet

Number of Car Park Bays

2,343

Occupancy Rate as at 31 March 2025*

97.9%

Date of Acquisition

Acquisition Price

Appraised Value

RM600 million

Date of Latest Valuation

Independent Valuer

Gross Revenue*

FYE 2024: RM59,062 million

Net Property Income*

FYE 2024: 35,424 million

Top Largest Tenants

Lotus, Golden Screen Cinemas, Harvey Norman, Escape Challenge, Marks & Spencer, H&M, Fitness First, Padini Concept Store, Popular, Brands Outlet

*as at 31 March 2025

Paradigm Mall Petaling Jaya